Van Hulzen Asset Management LLC Has $792,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Van Hulzen Asset Management LLC increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 277.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,948 shares of the semiconductor company’s stock after acquiring an additional 5,840 shares during the period. Van Hulzen Asset Management LLC’s holdings in Enphase Energy were worth $792,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Enphase Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after purchasing an additional 192,854 shares in the last quarter. Baillie Gifford & Co. raised its position in Enphase Energy by 57.9% during the second quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock worth $626,683,000 after acquiring an additional 2,304,408 shares in the last quarter. Swedbank AB acquired a new stake in Enphase Energy in the first quarter valued at $424,130,000. Northern Trust Corp grew its position in shares of Enphase Energy by 0.3% in the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after acquiring an additional 3,940 shares during the period. Finally, Norges Bank acquired a new position in shares of Enphase Energy during the 4th quarter worth about $149,425,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several recent analyst reports. Barclays cut their target price on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Roth Mkm reiterated a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. Canaccord Genuity Group decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. BNP Paribas raised Enphase Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $120.00 to $144.00 in a report on Wednesday, August 7th. Finally, Piper Sandler upped their price objective on shares of Enphase Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $128.89.

Enphase Energy Stock Up 1.5 %

NASDAQ ENPH opened at $104.61 on Wednesday. The business has a fifty day moving average price of $111.62 and a two-hundred day moving average price of $115.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The stock has a market capitalization of $14.17 billion, a PE ratio of 54.48, a PEG ratio of 5.74 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 57.3% on a year-over-year basis. Equities analysts expect that Enphase Energy, Inc. will post 1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was 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 in the company, valued at $13,306,133.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

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.