Teachers Retirement System of The State of Kentucky Decreases Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Teachers Retirement System of The State of Kentucky reduced its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,572 shares of the semiconductor company’s stock after selling 628 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Enphase Energy were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ENPH. Vanguard Group Inc. increased its position in Enphase Energy by 5.7% during the second quarter. Vanguard Group Inc. now owns 14,184,218 shares of the semiconductor company’s stock worth $2,604,647,000 after purchasing an additional 769,132 shares during the last quarter. BlackRock Inc. increased its position in shares of Enphase Energy by 2.2% during the third quarter. BlackRock Inc. now owns 13,930,559 shares of the semiconductor company’s stock valued at $2,089,165,000 after acquiring an additional 300,326 shares during the last quarter. State Street Corp increased its position in shares of Enphase Energy by 6.8% during the second quarter. State Street Corp now owns 4,994,103 shares of the semiconductor company’s stock valued at $917,067,000 after acquiring an additional 319,197 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Enphase Energy by 5.6% during the second quarter. Geode Capital Management LLC now owns 2,437,730 shares of the semiconductor company’s stock valued at $446,469,000 after acquiring an additional 129,478 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Enphase Energy by 102.5% during the second quarter. Capital International Investors now owns 1,900,473 shares of the semiconductor company’s stock valued at $348,984,000 after acquiring an additional 962,049 shares during the last quarter. 68.01% of the stock is currently owned by hedge funds and other institutional investors.

ENPH has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Enphase Energy from $235.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, November 17th. B. Riley lifted their price objective on shares of Enphase Energy from $157.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, October 27th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of Enphase Energy from $220.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, November 18th. Guggenheim upgraded shares of Enphase Energy from a “neutral” rating to a “buy” rating and set a $213.00 price objective for the company in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Enphase Energy from a “sell” rating to a “buy” rating and set a $246.00 price target for the company in a research note on Monday, November 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $241.06.

ENPH stock opened at $142.84 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.33 and a current ratio of 4.49. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 124.21 and a beta of 1.21. Enphase Energy, Inc. has a 1 year low of $108.88 and a 1 year high of $282.46. The stock’s fifty day moving average is $209.13 and its two-hundred day moving average is $187.88.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 26th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $351.52 million for the quarter, compared to analyst estimates of $343.77 million. Enphase Energy had a return on equity of 37.82% and a net margin of 13.44%. Enphase Energy’s revenue was up 96.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, analysts predict that Enphase Energy, Inc. will post 1.45 EPS for the current fiscal year.

In other news, Director Richard Mora sold 19,000 shares of Enphase Energy stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $229.17, for a total transaction of $4,354,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Ranhoff sold 66,272 shares of Enphase Energy stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $244.10, for a total value of $16,176,995.20. The disclosure for this sale can be found here. Insiders sold a total of 196,932 shares of company stock worth $44,170,626 in the last three months. 5.00% of the stock is currently owned by company insiders.

Enphase Energy Company Profile

Enphase Energy, Inc engages in the design, development, manufacture and sale of micro inverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps. The company was founded by Raghuveer R.

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

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