Robeco Schweiz AG Invests $31.25 Million in Enphase Energy, Inc. (NASDAQ:ENPH)

Robeco Schweiz AG purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 313,400 shares of the semiconductor company’s stock, valued at approximately $31,249,000. Robeco Schweiz AG owned 0.23% of Enphase Energy at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ENPH. Manchester Capital Management LLC grew its position in shares of Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after buying an additional 203 shares during the period. Chilton Capital Management LLC grew its holdings in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. YHB Investment Advisors Inc. acquired a new position in Enphase Energy during the first quarter valued at approximately $35,000. TFO Wealth Partners LLC grew its holdings in Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 336 shares during the period. Finally, Quest Partners LLC grew its holdings in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Buying and Selling at Enphase Energy

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 shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, 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 SEC, which is available through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $115.00 price objective (up previously from $111.00) on shares of Enphase Energy in a report on Wednesday, September 4th. Morgan Stanley boosted their price objective on shares of Enphase Energy from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, August 21st. Barclays decreased their price objective on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada decreased their price objective on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group cut their price target on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $128.89.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $105.83 on Friday. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The firm’s fifty day moving average price is $111.98 and its two-hundred day moving average price is $114.97. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The firm has a market capitalization of $14.40 billion, a P/E ratio of 55.12, a price-to-earnings-growth ratio of 5.74 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results 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 return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. During the same period last year, the company posted $1.16 earnings per share. The business’s revenue was down 57.3% compared to the same quarter last year. As a group, research analysts anticipate that Enphase Energy, Inc. will post 1.19 EPS for the current year.

Enphase Energy Company 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.