Janney Montgomery Scott LLC Has $763,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Janney Montgomery Scott LLC decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 46.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,771 shares of the semiconductor company’s stock after selling 4,960 shares during the period. Janney Montgomery Scott LLC’s holdings in Enphase Energy were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after purchasing an additional 4,078,723 shares during the last quarter. Northern Trust Corp lifted its position in shares of Enphase Energy by 7.1% during the 3rd quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock worth $163,479,000 after buying an additional 90,438 shares during the last quarter. Schroder Investment Management Group boosted its stake in Enphase Energy by 3.3% in the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after buying an additional 35,681 shares in the last quarter. Legal & General Group Plc grew its position in Enphase Energy by 1.4% in the third quarter. Legal & General Group Plc now owns 1,087,689 shares of the semiconductor company’s stock valued at $130,686,000 after acquiring an additional 14,613 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Enphase Energy by 158.8% during the fourth quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock worth $109,083,000 after acquiring an additional 501,385 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays upgraded shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $134.00 in a research note on Friday, April 26th. Citigroup lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Canaccord Genuity Group boosted their target price on shares of Enphase Energy from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm reiterated a “buy” rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Wednesday, April 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $111.00 price objective (down previously from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $134.10.

Read Our Latest Stock Analysis on ENPH

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 319,526 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the transaction, the director now directly owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the sale, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,526 shares of company stock valued at $43,649,325. 3.40% of the stock is owned by company insiders.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $127.90 on Friday. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22. The company has a fifty day moving average of $115.50 and a 200-day moving average of $115.42. The firm has a market capitalization of $17.40 billion, a P/E ratio of 66.61, a P/E/G ratio of 5.04 and a beta of 1.50.

Enphase Energy (NASDAQ:ENPHGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million during the quarter, compared to the consensus estimate of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 1.53 EPS for the current year.

Enphase Energy Profile

(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.

See Also

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

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