25,924 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,924 shares of the semiconductor company’s stock, valued at approximately $1,609,000.

A number of other hedge funds have also recently bought and sold shares of ENPH. CX Institutional acquired a new stake in Enphase Energy during the first quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its holdings in shares of Enphase Energy by 83.0% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Enphase Energy in the 4th quarter valued at $47,000. GeoWealth Management LLC boosted its holdings in shares of Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Finally, Sava Infond d.o.o. acquired a new position in shares of Enphase Energy in the 4th quarter valued at $69,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the purchase, the chief executive officer directly owned 1,598,696 shares in the company, valued at approximately $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Trading Down 2.6%

Shares of NASDAQ:ENPH opened at $41.85 on Friday. The company has a 50 day moving average of $42.65 and a 200-day moving average of $54.44. The firm has a market cap of $5.49 billion, a P/E ratio of 38.75 and a beta of 1.67. Enphase Energy, Inc. has a twelve month low of $33.01 and a twelve month high of $130.08. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on shares of Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a report on Wednesday, April 23rd. Guggenheim reiterated a “sell” rating and issued a $33.00 price target on shares of Enphase Energy in a report on Wednesday, April 23rd. Barclays lowered shares of Enphase Energy from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $51.00 to $40.00 in a report on Tuesday, May 13th. Citigroup decreased their price target on shares of Enphase Energy from $47.00 to $43.00 and set a “sell” rating on the stock in a report on Thursday, June 5th. Finally, Royal Bank Of Canada set a $28.00 price target on shares of Enphase Energy and gave the company a “sector perform” rating in a report on Wednesday, June 18th. Thirteen research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.50.

Enphase Energy Company Profile

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.