Schroder Investment Management Group Purchases 331,917 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Schroder Investment Management Group increased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 29.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,451,414 shares of the semiconductor company’s stock after buying an additional 331,917 shares during the period. Schroder Investment Management Group owned 1.07% of Enphase Energy worth $99,683,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Enphase Energy by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company’s stock valued at $1,135,707,000 after acquiring an additional 44,782 shares during the last quarter. Baillie Gifford & Co. lifted its position in Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Geode Capital Management LLC grew its stake in Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after buying an additional 20,579 shares in the last quarter. Nordea Investment Management AB increased its holdings 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 worth $155,360,000 after buying an additional 1,258,778 shares during the last quarter. Finally, FMR LLC raised its position in shares of Enphase Energy by 5.7% during the 3rd quarter. FMR LLC now owns 1,036,699 shares of the semiconductor company’s stock valued at $117,168,000 after buying an additional 56,136 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ENPH shares. TD Cowen reduced their target price on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday. Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price for the company in a research note on Friday, January 31st. Oppenheimer lifted their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus price target of $90.36.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were 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 of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $61.65 on Monday. 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 market cap of $8.17 billion, a price-to-earnings ratio of 83.31 and a beta of 2.12. The stock has a fifty day simple moving average of $62.24 and a two-hundred day simple moving average of $75.43. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results 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 net margin of 7.72% and a return on equity of 15.62%. Research analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

About Enphase Energy

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.