Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Mirova US LLC

Mirova US LLC boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 2.7% during the 2nd quarter, Holdings Channel reports. The fund owned 579,241 shares of the semiconductor company’s stock after acquiring an additional 15,444 shares during the quarter. Enphase Energy comprises 0.7% of Mirova US LLC’s portfolio, making the stock its 27th largest holding. Mirova US LLC’s holdings in Enphase Energy were worth $57,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP bought a new position in shares of Enphase Energy in the fourth quarter worth $41,068,000. Northern Trust Corp grew its position in 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 buying an additional 3,940 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Enphase Energy by 48.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock valued at $10,658,000 after buying an additional 29,013 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Enphase Energy by 364.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 108,674 shares of the semiconductor company’s stock worth $13,147,000 after buying an additional 85,284 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Enphase Energy by 279.6% in the 1st quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock worth $2,934,000 after acquiring an additional 17,861 shares during the period. Institutional investors own 72.12% of the company’s stock.

Insider Activity at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Trading Down 0.2 %

Shares of NASDAQ:ENPH opened at $121.04 on Friday. The firm has a fifty day moving average of $110.33 and a two-hundred day moving average of $116.02. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $141.63. The firm has a market capitalization of $16.39 billion, a P/E ratio of 63.04, a price-to-earnings-growth ratio of 6.22 and a beta of 1.71.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. During the same period in the previous year, the business posted $1.16 EPS. Enphase Energy’s revenue for the quarter was down 57.3% on a year-over-year basis. On average, equities analysts expect that Enphase Energy, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $120.00 to $144.00 in a research note on Wednesday, August 7th. Guggenheim lifted their price target on Enphase Energy from $92.00 to $93.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Glj Research started coverage on Enphase Energy in a report on Tuesday, June 25th. They issued a “sell” rating and a $45.82 price objective for the company. Craig Hallum lifted their target price on Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their price target 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. Four investment 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, Enphase Energy has a consensus rating of “Hold” and an average price target of $128.76.

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.