Enphase Energy, Inc. $ENPH Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,319 shares of the semiconductor company’s stock after selling 1,522 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Enphase Energy were worth $370,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 258 shares during the period. SVB Wealth LLC acquired a new position in Enphase Energy in the first quarter worth $38,000. Brooklyn Investment Group boosted its holdings in Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 368 shares during the period. CX Institutional boosted its holdings in Enphase Energy by 135.4% in the second quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 623 shares during the period. Finally, Quarry LP acquired a new position in shares of Enphase Energy during the first quarter valued at $70,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several analyst reports. Mizuho downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $37.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, July 24th. Bank of America reduced their price target on shares of Enphase Energy from $31.00 to $30.00 and set an “underperform” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of Enphase Energy from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Oppenheimer reduced their price target on shares of Enphase Energy from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and thirteen have assigned a Sell rating to the stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Reduce” and an average price target of $46.37.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy 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 acquisition, the chief executive officer directly owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by insiders.

Enphase Energy Stock Performance

ENPH stock opened at $35.64 on Friday. The company has a market capitalization of $4.66 billion, a P/E ratio of 27.84 and a beta of 1.56. The company has a 50-day simple moving average of $37.12 and a 200 day simple moving average of $40.54. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $89.95. 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 posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. Sell-side analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Enphase Energy 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.