Enphase Energy, Inc. $ENPH Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,796 shares of the semiconductor company’s stock after acquiring an additional 482 shares during the quarter. Yousif Capital Management LLC’s holdings in Enphase Energy were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock worth $35,000 after buying an additional 258 shares during the last quarter. SVB Wealth LLC bought a new position in Enphase Energy during the 1st quarter worth $38,000. Brooklyn Investment Group grew its stake in Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after buying an additional 368 shares during the last quarter. CX Institutional grew its stake in Enphase Energy by 135.4% during the 2nd quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock worth $43,000 after buying an additional 623 shares during the last quarter. Finally, Quarry LP bought a new position in Enphase Energy during the 1st quarter worth $70,000. 72.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the purchase, the chief executive officer directly owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. This represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ENPH shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Enphase Energy from $49.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, July 24th. Glj Research upped their price objective on Enphase Energy from $19.80 to $23.49 and gave the stock a “sell” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company upped their price objective on Enphase Energy from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. TD Cowen lowered their price objective on Enphase Energy from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho decreased their price target on Enphase Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and thirteen have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $46.84.

Enphase Energy Trading Down 2.7%

Shares of ENPH stock opened at $36.08 on Thursday. The stock has a 50-day simple moving average of $37.05 and a 200 day simple moving average of $40.68. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $89.95. The stock has a market capitalization of $4.72 billion, a P/E ratio of 28.19 and a beta of 1.56. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The business had revenue of $363.15 million during the quarter, compared to analysts’ expectations of $359.14 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, sell-side analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

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.