Vanguard Group Inc. Acquires 44,782 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Vanguard Group Inc. boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,536,218 shares of the semiconductor company’s stock after acquiring an additional 44,782 shares during the quarter. Vanguard Group Inc. owned about 12.24% of Enphase Energy worth $1,135,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mizuho Markets Cayman LP raised its holdings in Enphase Energy by 118.6% during the 4th quarter. Mizuho Markets Cayman LP now owns 11,153 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 6,050 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Enphase Energy in the fourth quarter valued at $233,000. KLP Kapitalforvaltning AS bought a new stake in shares of Enphase Energy in the 4th quarter worth about $6,126,000. Umpqua Bank purchased a new position in shares of Enphase Energy during the 4th quarter worth about $557,000. Finally, Quantbot Technologies LP bought a new position in Enphase Energy during the 4th quarter valued at about $3,064,000. 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 the stock. Glj Research reissued a “sell” rating and issued a $50.69 price objective on shares of Enphase Energy in a research note on Tuesday, February 4th. Barclays dropped their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citigroup lowered Enphase Energy from a “neutral” rating to a “negative” rating in a research note on Wednesday. Susquehanna lowered their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $90.36.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Price Performance

Shares of ENPH opened at $61.65 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company’s fifty day moving average price is $62.24 and its 200-day moving average price is $75.88. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63. The firm has a market capitalization of $8.17 billion, a PE ratio of 83.31 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts predict that Enphase Energy, Inc. will post 2.08 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.