Oppenheimer & Co. Inc. Boosts Holdings in Enphase Energy, Inc. $ENPH

Oppenheimer & Co. Inc. lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 78.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,115 shares of the semiconductor company’s stock after purchasing an additional 13,711 shares during the period. Oppenheimer & Co. Inc.’s holdings in Enphase Energy were worth $1,101,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 buying an additional 514 shares during the period. Salomon & Ludwin LLC grew its stake in shares of Enphase Energy by 761.0% during the third quarter. Salomon & Ludwin LLC now owns 861 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 761 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Enphase Energy by 199.7% during the third quarter. Geneos Wealth Management Inc. now owns 920 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 613 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Enphase Energy by 24,040.0% in the second quarter. Manchester Capital Management LLC now owns 1,207 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Enphase Energy in the third quarter worth about $44,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Enphase Energy stock opened at $43.49 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.07 and a quick ratio of 1.84. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $70.78. The company has a fifty day moving average price of $36.84 and a two-hundred day moving average price of $35.08. The company has a market cap of $5.69 billion, a PE ratio of 33.71 and a beta of 1.37.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 3rd. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.19. Enphase Energy had a net margin of 11.69% and a return on equity of 20.31%. The company had revenue of $343.32 million for the quarter, compared to analysts’ expectations of $340.45 million. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was down 10.3% compared to the same quarter last year. Research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Buying and Selling at Enphase Energy

In related news, EVP Mandy Yang sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $33.01, for a total transaction of $198,060.00. Following the completion of the transaction, the executive vice president owned 68,987 shares in the company, valued at $2,277,260.87. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Mora sold 1,100 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $52.05, for a total value of $57,255.00. Following the completion of the sale, the director directly owned 9,370 shares in the company, valued at $487,708.50. This represents a 10.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 157,100 shares of company stock worth $4,624,815. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ENPH. Susquehanna restated a “neutral” rating and set a $46.00 price objective on shares of Enphase Energy in a research note on Wednesday, February 4th. Wells Fargo & Company raised their price target on shares of Enphase Energy from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Glj Research set a $21.70 price target on shares of Enphase Energy in a research note on Thursday, February 5th. Royal Bank Of Canada raised shares of Enphase Energy from a “sector perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a report on Wednesday, February 4th. Finally, Barclays raised their price objective on shares of Enphase Energy from $33.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $42.70.

Enphase Energy Company Profile

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.