Enphase Energy, Inc. $ENPH Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 78.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,115 shares of the semiconductor company’s stock after buying 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 filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ENPH. Woodline Partners LP grew its holdings in Enphase Energy by 37.9% in the 1st quarter. Woodline Partners LP now owns 11,191 shares of the semiconductor company’s stock worth $694,000 after buying an additional 3,077 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Enphase Energy during the 1st quarter worth $121,000. Yousif Capital Management LLC grew its stake in shares of Enphase Energy by 3.0% in the second quarter. Yousif Capital Management LLC now owns 16,796 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 482 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Enphase Energy by 34.3% during the second quarter. RFG Advisory LLC now owns 7,400 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 1,890 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Enphase Energy by 2.3% during the second quarter. TD Asset Management Inc now owns 24,080 shares of the semiconductor company’s stock valued at $955,000 after purchasing an additional 546 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mandy Yang sold 6,000 shares of Enphase Energy stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $33.01, for a total value of $198,060.00. Following the transaction, the executive vice president owned 68,987 shares of the company’s stock, valued at approximately $2,277,260.87. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $51.98 per share, for a total transaction of $259,900.00. Following the acquisition, the chief executive officer owned 1,640,632 shares in the company, valued at approximately $85,280,051.36. This trade represents a 0.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 157,100 shares of company stock valued at $4,624,815. 3.10% of the stock is owned by insiders.

Enphase Energy Stock Down 1.5%

NASDAQ ENPH 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. The company’s 50 day simple moving average is $36.84 and its 200 day simple moving average is $35.08. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $70.78. The company has a market capitalization of $5.69 billion, a P/E 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. The firm had revenue of $343.32 million during the quarter, compared to analysts’ expectations of $340.45 million. Enphase Energy had a net margin of 11.69% and a return on equity of 20.31%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $55.00 target price (up previously from $45.00) on shares of Enphase Energy in a research report on Wednesday, February 4th. Morgan Stanley restated an “underweight” rating and set a $30.00 price target on shares of Enphase Energy in a research report on Wednesday, February 4th. BMO Capital Markets upgraded shares of Enphase Energy from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $41.00 in a report on Wednesday, February 4th. Glj Research set a $21.70 price objective on shares of Enphase Energy in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group boosted their target price on Enphase Energy from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average 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.