Kestra Private Wealth Services LLC Purchases 1,872 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Kestra Private Wealth Services LLC increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) by 99.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,759 shares of the semiconductor company’s stock after purchasing an additional 1,872 shares during the period. Kestra Private Wealth Services LLC’s holdings in Enphase Energy were worth $758,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Gradient Investments LLC increased its holdings in shares of Enphase Energy by 97.6% in the first quarter. Gradient Investments LLC now owns 998 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 493 shares during the last quarter. M Holdings Securities Inc. acquired a new position in Enphase Energy in the 1st quarter valued at about $1,059,000. Advisory Services Network LLC bought a new position in Enphase Energy in the 1st quarter valued at about $339,000. Neuberger Berman Group LLC lifted its position in Enphase Energy by 2.8% during the first quarter. Neuberger Berman Group LLC now owns 316,028 shares of the semiconductor company’s stock worth $63,770,000 after acquiring an additional 8,647 shares during the last quarter. Finally, Sawtooth Solutions LLC acquired a new stake in Enphase Energy during the first quarter worth approximately $225,000. Institutional investors and hedge funds own 71.22% of the company’s stock.

Insider Buying and Selling

In related news, CFO Mandy Yang sold 1,687 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $292.96, for a total transaction of $494,223.52. Following the completion of the transaction, the chief financial officer now directly owns 107,149 shares of the company’s stock, valued at approximately $31,390,371.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Richard Mora sold 2,825 shares of Enphase Energy stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $297.33, for a total transaction of $839,957.25. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at $475,728. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandy Yang sold 1,687 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $292.96, for a total transaction of $494,223.52. Following the completion of the transaction, the chief financial officer now owns 107,149 shares in the company, valued at approximately $31,390,371.04. The disclosure for this sale can be found here. Insiders have sold a total of 203,271 shares of company stock valued at $56,273,642 over the last 90 days. 4.80% of the stock is owned by insiders.

Enphase Energy Price Performance

Enphase Energy stock opened at $318.01 on Monday. The stock has a 50-day moving average price of $272.78 and a two-hundred day moving average price of $214.35. Enphase Energy, Inc. has a 12 month low of $113.40 and a 12 month high of $324.84. The company has a market capitalization of $43.08 billion, a PE ratio of 222.39, a P/E/G ratio of 2.33 and a beta of 1.51. The company has a current ratio of 3.62, a quick ratio of 3.35 and a debt-to-equity ratio of 2.66.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. Enphase Energy had a net margin of 11.71% and a return on equity of 56.60%. The business had revenue of $530.20 million during the quarter, compared to analyst estimates of $506.57 million. Analysts expect that Enphase Energy, Inc. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ENPH. The Goldman Sachs Group increased their target price on Enphase Energy from $290.00 to $328.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Guggenheim downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating in a research note on Friday, September 9th. Craig Hallum lifted their price objective on shares of Enphase Energy from $213.00 to $271.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Barclays started coverage on shares of Enphase Energy in a research report on Friday, August 5th. They set an “equal weight” rating and a $292.00 target price on the stock. Finally, BMO Capital Markets raised their target price on shares of Enphase Energy from $215.00 to $240.00 in a report on Friday, June 10th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.17.

About Enphase Energy

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Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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