Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,417 shares of the semiconductor company’s stock after buying an additional 3,516 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Enphase Energy were worth $3,294,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in ENPH. RPG Investment Advisory LLC lifted its position in shares of Enphase Energy by 9.7% in the third quarter. RPG Investment Advisory LLC now owns 45,793 shares of the semiconductor company’s stock worth $5,502,000 after buying an additional 4,053 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Enphase Energy in the 3rd quarter worth approximately $132,000. Pathstone Family Office LLC boosted its position in Enphase Energy by 44.7% during the third quarter. Pathstone Family Office LLC now owns 12,824 shares of the semiconductor company’s stock worth $1,541,000 after purchasing an additional 3,961 shares during the period. KCM Investment Advisors LLC raised its position in shares of Enphase Energy by 36.9% in the third quarter. KCM Investment Advisors LLC now owns 10,690 shares of the semiconductor company’s stock valued at $1,284,000 after purchasing an additional 2,883 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Enphase Energy by 2.5% in the third quarter. Van ECK Associates Corp now owns 65,053 shares of the semiconductor company’s stock worth $7,816,000 after buying an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ENPH. StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Citigroup dropped their price target on Enphase Energy from $170.00 to $167.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Friday, October 27th. Scotiabank lowered shares of Enphase Energy from a “sector outperform” rating to a “sector perform” rating and set a $140.00 target price on the stock. in a research report on Thursday, October 19th. Finally, KeyCorp reissued a “sector weight” rating on shares of Enphase Energy in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Enphase Energy has an average rating of “Moderate Buy” and an average target price of $158.23.
Enphase Energy Price Performance
NASDAQ:ENPH opened at $128.90 on Tuesday. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. The firm has a market cap of $17.60 billion, a PE ratio of 42.12, a price-to-earnings-growth ratio of 3.39 and a beta of 1.48. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $231.42. The company’s 50-day moving average price is $115.80 and its two-hundred day moving average price is $115.02.
In other Enphase Energy news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Badrinarayanan Kothandaraman purchased 1,118 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $90.23 per share, with a total value of $100,877.14. Following the completion of the purchase, the chief executive officer now directly owns 1,272,015 shares of the company’s stock, valued at $114,773,913.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.
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 services.
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