Steward Partners Investment Advisory LLC Has $1.07 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Steward Partners Investment Advisory LLC increased its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 81.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,560 shares of the semiconductor company’s stock after purchasing an additional 6,992 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Enphase Energy were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after buying an additional 1,258,778 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after buying an additional 438,424 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of Enphase Energy during the third quarter worth approximately $48,442,000. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Enphase Energy by 93.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after buying an additional 424,327 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.40% of the company’s stock.

Enphase Energy Stock Up 2.7 %

NASDAQ:ENPH opened at $63.32 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 85.57 and a beta of 2.12. The stock’s fifty day moving average price is $64.45 and its two-hundred day moving average price is $81.20.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analysts Set New Price Targets

ENPH has been the subject of several research analyst reports. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. BMO Capital Markets cut their price target on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Susquehanna cut their target price on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.42.

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.