Wambolt & Associates LLC Raises Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Wambolt & Associates LLC lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,113 shares of the semiconductor company’s stock after purchasing an additional 454 shares during the quarter. Wambolt & Associates LLC’s holdings in Enphase Energy were worth $692,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Manchester Capital Management LLC lifted its holdings in 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 in the last quarter. Chilton Capital Management LLC raised its stake in shares of Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Enphase Energy in the first quarter valued at $35,000. TFO Wealth Partners LLC grew its stake in Enphase Energy by 6,720.0% during the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 336 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ENPH. Bank of America lowered their price objective on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Canaccord Genuity Group reduced their price objective on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday, July 24th. Craig Hallum increased their target price on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Glj Research assumed coverage on Enphase Energy in a report on Tuesday, June 25th. They set a “sell” rating and a $45.82 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $128.89.

Insider Transactions at Enphase Energy

In other news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy 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 completion of the sale, the executive vice president now directly owns 107,943 shares in the company, valued at approximately $13,306,133.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 5.7 %

NASDAQ ENPH opened at $110.59 on Thursday. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $15.05 billion, a P/E ratio of 57.60, a P/E/G ratio of 5.74 and a beta of 1.72. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The firm has a 50-day moving average price of $111.85 and a 200 day moving average price of $115.03.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same period in the prior year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was down 57.3% compared to the same quarter last year. Equities research analysts expect that Enphase Energy, Inc. will post 1.19 EPS for the current year.

Enphase Energy 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.