Enphase Energy, Inc. $ENPH Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 401.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,691 shares of the semiconductor company’s stock after purchasing an additional 85,398 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Enphase Energy were worth $3,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Enphase Energy by 431.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in shares of Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 350 shares during the period. Stance Capital LLC purchased a new position in shares of Enphase Energy during the 3rd quarter worth $32,000. Activest Wealth Management raised its holdings in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,040 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Enphase Energy during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Down 5.9%

Shares of ENPH opened at $53.51 on Wednesday. The firm has a market cap of $7.05 billion, a P/E ratio of 52.98 and a beta of 1.60. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The company’s 50-day moving average price is $44.55 and its 200 day moving average price is $40.29. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.

Enphase Energy (NASDAQ:ENPHGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. Enphase Energy’s revenue was down 20.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their price target on Enphase Energy from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. reduced their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. The Goldman Sachs Group lifted their price target on Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, TD Cowen lifted their price target on Enphase Energy from $35.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.24.

Read Our Latest Report on Enphase Energy

Enphase Energy News Roundup

Here are the key news stories impacting Enphase Energy this week:

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 700 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $64.20, for a total value of $44,940.00. Following the sale, the director directly owned 13,922 shares in the company, valued at approximately $893,792.40. The trade was a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 137,250 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the completion of the sale, the director owned 1,597,641 shares in the company, valued at approximately $69,673,124.01. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 138,650 shares of company stock worth $6,062,886. Company insiders own 2.90% of the company’s stock.

Enphase Energy Company Profile

(Free Report)

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

See Also

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

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