Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 316,028 shares of the semiconductor company’s stock after buying an additional 8,647 shares during the period. Neuberger Berman Group LLC’s holdings in Enphase Energy were worth $63,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Elequin Capital LP purchased a new position in shares of Enphase Energy during the 1st quarter worth $26,000. KB Financial Partners LLC acquired a new stake in Enphase Energy in the 1st quarter valued at $28,000. AlphaCentric Advisors LLC acquired a new stake in shares of Enphase Energy during the fourth quarter valued at about $27,000. Lindbrook Capital LLC grew its stake in shares of Enphase Energy by 58.0% during the first quarter. Lindbrook Capital LLC now owns 158 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in shares of Enphase Energy by 780.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 176 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 71.22% of the company’s stock.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total value of $7,730,000.00. Following the transaction, the chief executive officer now owns 1,059,051 shares in the company, valued at $211,810,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the completion of the transaction, the chief executive officer now owns 1,059,051 shares of the company’s stock, valued at $211,810,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Mora sold 2,825 shares of Enphase Energy stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $297.33, for a total value of $839,957.25. Following the completion of the sale, the director now owns 1,600 shares of the company’s stock, valued at $475,728. The disclosure for this sale can be found here. Insiders have sold 203,271 shares of company stock worth $56,273,642 over the last ninety days. Insiders own 4.80% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $318.01 on Monday. The firm has a market cap of $43.08 billion, a P/E ratio of 222.39, a PEG ratio of 2.33 and a beta of 1.51. The firm has a 50-day moving average of $272.78 and a 200 day moving average of $214.35. The company has a debt-to-equity ratio of 2.66, a quick ratio of 3.35 and a current ratio of 3.62. Enphase Energy, Inc. has a fifty-two week low of $113.40 and a fifty-two week high of $324.84.

Enphase Energy (NASDAQ:ENPHGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. Enphase Energy had a net margin of 11.71% and a return on equity of 56.60%. The firm had revenue of $530.20 million for the quarter, compared to the consensus estimate of $506.57 million. On average, research analysts expect that Enphase Energy, Inc. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research analyst reports. Credit Suisse Group raised shares of Enphase Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $174.00 to $281.00 in a research report on Thursday, July 28th. Guggenheim lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating in a research note on Friday, September 9th. Susquehanna Bancshares raised their price objective on shares of Enphase Energy from $250.00 to $260.00 and gave the company a “positive” rating in a research note on Wednesday, July 27th. The Goldman Sachs Group lifted their price target on shares of Enphase Energy from $290.00 to $328.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Finally, Oppenheimer lifted their target price on shares of Enphase Energy to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.17.

Enphase Energy Profile

(Get Rating)

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 services.

Featured Stories

Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy, Inc. (NASDAQ:ENPHGet Rating).

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.