Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 14.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,724 shares of the semiconductor company’s stock after acquiring an additional 3,297 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Enphase Energy were worth $1,767,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new position in Enphase Energy in the third quarter valued at $37,475,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings 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 valued at $1,305,000 after purchasing an additional 8,000 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Enphase Energy during the 4th quarter worth approximately $5,324,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Enphase Energy during the fourth quarter worth approximately $584,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Activity

In other news, CFO Mandy Yang sold 1,319 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 78,524 shares of the company’s stock, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research reports. TD Cowen lowered their target price on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Glj Research reissued a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research report on Tuesday, February 4th. Barclays decreased their target price on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.36.

Enphase Energy Stock Performance

Shares of ENPH opened at $61.65 on Friday. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. The stock has a market cap of $8.17 billion, a P/E ratio of 83.31 and a beta of 2.12. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $62.24 and a two-hundred day moving average of $75.88.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal 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.