Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,077 shares of the semiconductor company’s stock after acquiring an additional 2,823 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Enphase Energy worth $14,811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENPH. APG Asset Management US Inc. acquired a new stake in shares of Enphase Energy during the 4th quarter worth about $3,500,000. California State Teachers Retirement System increased its position in shares of Enphase Energy by 3.6% during the fourth quarter. California State Teachers Retirement System now owns 223,535 shares of the semiconductor company’s stock valued at $29,538,000 after acquiring an additional 7,697 shares during the last quarter. Rathbones Group PLC raised its stake in shares of Enphase Energy by 28.4% in the 4th quarter. Rathbones Group PLC now owns 29,671 shares of the semiconductor company’s stock valued at $3,921,000 after acquiring an additional 6,557 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of Enphase Energy by 6,720.0% in the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 336 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Enphase Energy by 25.0% during the 4th quarter. Stifel Financial Corp now owns 101,140 shares of the semiconductor company’s stock worth $13,365,000 after purchasing an additional 20,247 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group cut Enphase Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. TD Cowen increased their target price on Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company dropped their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Piper Sandler reissued a “neutral” rating and set a $111.00 price target (down previously from $113.00) on shares of Enphase Energy in a research report on Wednesday, April 24th. Finally, Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price objective for the company. 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 assigned a buy rating to the company. According to MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus price target of $134.10.

Read Our Latest Research Report on ENPH

Enphase Energy Stock Down 7.2 %

ENPH opened at $122.75 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 debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The stock has a market capitalization of $16.70 billion, a P/E ratio of 63.93, a price-to-earnings-growth ratio of 4.72 and a beta of 1.77. The business’s 50-day simple moving average is $116.77 and its 200-day simple moving average is $116.62.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings results 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 return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Analysts anticipate that Enphase Energy, Inc. will post 1.53 EPS for the current year.

Insider Activity

In other Enphase Energy news, CFO Mandy Yang acquired 4,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Mandy Yang acquired 4,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The disclosure for this sale can be found here. Insiders have sold 349,526 shares of company stock valued at $43,649,325 in the last ninety days. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Company 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.

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

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