SeaCrest Wealth Management LLC acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 296 shares of the semiconductor company’s stock, valued at approximately $58,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Trail Advisors LLC raised its holdings in Enphase Energy by 3.9% during the second quarter. Summit Trail Advisors LLC now owns 1,082 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 41 shares during the last quarter. Balasa Dinverno & Foltz LLC purchased a new position in Enphase Energy during the second quarter worth $244,000. Shell Asset Management Co. increased its position in Enphase Energy by 9.7% during the second quarter. Shell Asset Management Co. now owns 6,897 shares of the semiconductor company’s stock worth $1,347,000 after buying an additional 608 shares in the last quarter. Vancity Investment Management Ltd increased its position in Enphase Energy by 0.8% during the second quarter. Vancity Investment Management Ltd now owns 51,044 shares of the semiconductor company’s stock worth $9,966,000 after buying an additional 416 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its position in Enphase Energy by 3.9% during the second quarter. Flputnam Investment Management Co. now owns 17,721 shares of the semiconductor company’s stock worth $3,460,000 after buying an additional 669 shares in the last quarter. 71.22% of the stock is owned by institutional investors and hedge funds.
Enphase Energy Price Performance
ENPH stock opened at $311.94 on Friday. The stock has a 50-day moving average price of $283.05 and a two-hundred day moving average price of $244.70. The company has a market cap of $42.40 billion, a PE ratio of 149.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.43. Enphase Energy, Inc. has a 12-month low of $113.40 and a 12-month high of $324.84. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96.
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Wall Street Analyst Weigh In
Several equities analysts have weighed in on ENPH shares. Deutsche Bank Aktiengesellschaft started coverage on Enphase Energy in a research report on Monday, November 14th. They set a “buy” rating and a $330.00 price target for the company. Truist Financial raised their price target on Enphase Energy from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Needham & Company LLC raised their price target on Enphase Energy from $275.00 to $335.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. Guggenheim downgraded Enphase Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 9th. Finally, KeyCorp lifted their price objective on Enphase Energy from $230.00 to $363.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Enphase Energy presently has an average rating of “Moderate Buy” and a consensus price target of $295.82.
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 services.
- Get a free copy of the StockNews.com research report on Enphase Energy (ENPH)
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