3,887 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,887 shares of the semiconductor company’s stock, valued at approximately $470,000.

A number of other large investors have also bought and sold shares of ENPH. Vanguard Group Inc. boosted its position in Enphase Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after buying an additional 192,854 shares during the last quarter. Baillie Gifford & Co. boosted its position in Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after buying an additional 4,078,723 shares during the last quarter. Northern Trust Corp boosted its position in Enphase Energy by 0.3% in the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after buying an additional 3,940 shares during the last quarter. Norges Bank bought a new position in Enphase Energy in the 4th quarter valued at $149,425,000. Finally, Schroder Investment Management Group boosted its position in Enphase Energy by 3.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after buying an additional 35,681 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insider Activity

In other Enphase Energy news, CFO Mandy Yang purchased 4,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Enphase Energy news, CFO Mandy Yang purchased 4,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares of the company’s stock, valued at approximately $13,948,752.92. The disclosure for this sale can be found here. Insiders sold 349,526 shares of company stock worth $43,721,225 in the last quarter. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. HSBC upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Monday, June 10th. Piper Sandler reissued a “neutral” rating and issued a $111.00 price target (down previously from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Truist Financial cut their price target on Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Barclays raised Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $134.00 in a research note on Friday, April 26th. Finally, Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target on the stock. in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $130.45.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $99.71 on Friday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 4.32 and a beta of 1.77. The business has a 50-day moving average of $117.05 and a 200-day moving average of $118.01. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million during the quarter, compared to the consensus estimate of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 1.43 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.