Dimensional Fund Advisors LP Has $63.96 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Dimensional Fund Advisors LP raised its position in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,991 shares of the semiconductor company’s stock after purchasing an additional 18,468 shares during the quarter. Dimensional Fund Advisors LP owned 0.35% of Enphase Energy worth $63,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENPH. Private Advisor Group LLC grew its holdings in shares of Enphase Energy by 1.3% in the 3rd quarter. Private Advisor Group LLC now owns 14,960 shares of the semiconductor company’s stock valued at $1,797,000 after acquiring an additional 193 shares in the last quarter. MGO One Seven LLC grew its holdings in shares of Enphase Energy by 42.1% in the 3rd quarter. MGO One Seven LLC now owns 1,922 shares of the semiconductor company’s stock valued at $231,000 after acquiring an additional 569 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Enphase Energy by 79.7% in the 3rd quarter. Signaturefd LLC now owns 1,389 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 616 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Enphase Energy by 0.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 49,808 shares of the semiconductor company’s stock valued at $5,984,000 after acquiring an additional 332 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Enphase Energy by 59.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,073 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 6.5 %

Shares of ENPH opened at $125.18 on Monday. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The company has a market cap of $17.03 billion, a P/E ratio of 65.20, a P/E/G ratio of 4.62 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The firm has a 50 day simple moving average of $114.00 and a two-hundred day simple moving average of $114.01.

Enphase Energy (NASDAQ:ENPHGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Research analysts forecast that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $3,219,700 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Canaccord Genuity Group reduced their price target on Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group cut Enphase Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $111.00 in a report on Wednesday, April 24th. Finally, Royal Bank of Canada reduced their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $133.45.

Get Our Latest Stock Report on Enphase Energy

About Enphase Energy

(Free Report)

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.

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

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