Dimensional Fund Advisors LP Acquires 10,507 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Dimensional Fund Advisors LP increased its position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 454,111 shares of the semiconductor company’s stock after buying an additional 10,507 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Enphase Energy were worth $120,315,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENPH. Two Sigma Advisers LP boosted its holdings in Enphase Energy by 850.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,418,909 shares of the semiconductor company’s stock worth $393,705,000 after buying an additional 1,269,600 shares during the period. Two Sigma Investments LP bought a new position in shares of Enphase Energy during the 3rd quarter valued at about $235,387,000. Renaissance Technologies LLC purchased a new position in shares of Enphase Energy during the third quarter valued at about $178,809,000. Marshall Wace LLP grew its position in shares of Enphase Energy by 20,574.9% during the third quarter. Marshall Wace LLP now owns 610,944 shares of the semiconductor company’s stock valued at $169,521,000 after purchasing an additional 607,989 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Enphase Energy by 86.2% during the first quarter. Clearbridge Investments LLC now owns 801,156 shares of the semiconductor company’s stock valued at $161,657,000 after purchasing an additional 370,992 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ENPH shares. Janney Montgomery Scott upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 price objective for the company in a research report on Monday, February 27th. StockNews.com started coverage on Enphase Energy in a research report on Thursday. They set a “hold” rating for the company. Citigroup cut their price objective on Enphase Energy from $285.00 to $267.00 in a research report on Thursday, April 27th. Oppenheimer cut their price objective on Enphase Energy from $328.00 to $302.00 in a research report on Wednesday, April 26th. Finally, Morgan Stanley initiated coverage on Enphase Energy in a research report on Monday, April 3rd. They set an “equal weight” rating and a $268.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Moderate Buy” and an average target price of $281.24.

Enphase Energy Stock Performance

Enphase Energy stock opened at $162.37 on Friday. The company has a 50 day moving average price of $189.84 and a 200-day moving average price of $235.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.24 and a current ratio of 3.45. Enphase Energy, Inc. has a fifty-two week low of $152.15 and a fifty-two week high of $339.92. The company has a market capitalization of $22.25 billion, a PE ratio of 47.48, a P/E/G ratio of 1.50 and a beta of 1.52.

Insider Activity

In related news, Director Thurman J. Rodgers purchased 32,900 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was purchased at an average price of $166.88 per share, with a total value of $5,490,352.00. Following the completion of the purchase, the director now owns 32,900 shares of the company’s stock, valued at approximately $5,490,352. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Enphase Energy news, CFO Mandy Yang acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were bought at an average cost of $156.86 per share, with a total value of $549,010.00. Following the completion of the acquisition, the chief financial officer now directly owns 99,043 shares in the company, valued at approximately $15,535,884.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thurman J. Rodgers acquired 32,900 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The shares were acquired at an average cost of $166.88 per share, for a total transaction of $5,490,352.00. Following the completion of the acquisition, the director now owns 32,900 shares of the company’s stock, valued at $5,490,352. The disclosure for this purchase can be found here. Insiders own 4.80% of the company’s stock.

Enphase Energy Company Profile

(Get Rating)

Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.