Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 32.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,670 shares of the semiconductor company’s stock after acquiring an additional 9,775 shares during the quarter. Banco Santander S.A.’s holdings in Enphase Energy were worth $3,955,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ENPH. International Assets Investment Management LLC purchased a new stake in shares of Enphase Energy during the 4th quarter worth approximately $53,950,000. CWM LLC raised its holdings in Enphase Energy by 5.9% during the fourth quarter. CWM LLC now owns 4,278 shares of the semiconductor company’s stock worth $565,000 after purchasing an additional 238 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Enphase Energy by 129.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 7,709 shares of the semiconductor company’s stock worth $1,019,000 after purchasing an additional 4,349 shares in the last quarter. Van ECK Associates Corp grew its holdings in Enphase Energy by 1.8% in the fourth quarter. Van ECK Associates Corp now owns 66,242 shares of the semiconductor company’s stock valued at $8,753,000 after purchasing an additional 1,189 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of Enphase Energy by 9.3% in the fourth quarter. Savant Capital LLC now owns 4,060 shares of the semiconductor company’s stock valued at $536,000 after buying an additional 346 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Trading Down 1.9 %

Shares of NASDAQ ENPH traded down $2.35 during trading on Thursday, hitting $121.30. 1,604,560 shares of the company traded hands, compared to its average volume of 3,955,086. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The company has a 50-day moving average price of $109.78 and a 200-day moving average price of $116.09. The firm has a market capitalization of $16.50 billion, a P/E ratio of 64.40, a P/E/G ratio of 5.59 and a beta of 1.71. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was down 57.3% on a year-over-year basis. On average, equities analysts predict that Enphase Energy, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ENPH. JPMorgan Chase & Co. boosted their price objective on shares of Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research report on Monday, June 10th. Craig Hallum raised their price objective on shares of Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. William Blair began coverage on Enphase Energy in a research report on Thursday. They set a “market perform” rating for the company. Finally, Royal Bank of Canada cut their price objective on Enphase Energy from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $128.76.

Insider Buying and Selling

In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the sale, the executive vice president now directly owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by corporate insiders.

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.