Dudley & Shanley Inc. Increases Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 43.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,900 shares of the semiconductor company’s stock after acquiring an additional 6,600 shares during the period. Dudley & Shanley Inc.’s holdings in Enphase Energy were worth $2,649,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Enphase Energy during the 4th quarter worth approximately $206,000. Legato Capital Management LLC acquired a new stake in Enphase Energy during the 4th quarter worth approximately $1,542,000. Assenagon Asset Management S.A. increased its position in Enphase Energy by 348.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after purchasing an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Enphase Energy during the 4th quarter worth approximately $566,000. Finally, Glenmede Trust Co. NA increased its position in Enphase Energy by 92.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock worth $380,000 after purchasing an additional 1,521 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ENPH shares. Craig Hallum lowered their price objective on shares of Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. B. Riley raised their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Mizuho decreased their price target on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Oppenheimer raised their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $134.00 in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus price target of $130.45.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded up $3.40 during trading hours on Wednesday, reaching $99.17. The stock had a trading volume of 3,961,306 shares, compared to its average volume of 4,111,284. The business’s fifty day moving average is $116.43 and its two-hundred day moving average is $117.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 4.10 and a beta of 1.72. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. As a group, research analysts expect that Enphase Energy, Inc. will post 1.43 EPS for the current year.

Insider Activity at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares in the company, valued at $13,306,133.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares in the company, valued at $13,306,133.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the transaction, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders have sold a total of 349,526 shares of company stock worth $43,721,225 over the last 90 days. Insiders own 3.40% of the company’s stock.

About Enphase Energy

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.