Grantham Mayo Van Otterloo & Co. LLC Acquires 35,751 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,499 shares of the semiconductor company’s stock after acquiring an additional 35,751 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.38% of Enphase Energy worth $35,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in shares of Enphase Energy by 72.7% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company’s stock worth $1,305,000 after purchasing an additional 8,000 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enphase Energy in the fourth quarter worth $5,324,000. Y Intercept Hong Kong Ltd bought a new position in shares of Enphase Energy during the fourth quarter valued at $584,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock worth $64,354,000 after purchasing an additional 56,676 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ENPH shares. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Truist Financial reiterated a “hold” rating and set a $65.00 target price (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price target on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $89.79.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $57.27 on Friday. The business’s 50-day simple moving average is $62.00 and its two-hundred day simple moving average is $73.90. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The stock has a market cap of $7.59 billion, a PE ratio of 77.39 and a beta of 2.12. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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.