Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 24.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,587 shares of the semiconductor company’s stock after buying an additional 1,857 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Enphase Energy were worth $943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares during the last quarter. Chilton Capital Management LLC boosted its stake in shares of Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Enphase Energy during the first quarter worth approximately $35,000. TFO Wealth Partners LLC increased its stake in shares of Enphase Energy by 6,720.0% in the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Enphase Energy by 50.9% in the first quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 144 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ENPH shares. Jefferies Financial Group reissued a “hold” rating and set a $115.00 price objective (up from $111.00) on shares of Enphase Energy in a report on Wednesday, September 4th. Susquehanna boosted their price objective on Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a report on Monday, July 15th. HSBC raised Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a report on Monday, June 10th. Morgan Stanley boosted their price target on Enphase Energy from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, August 21st. Finally, Piper Sandler raised their price objective on Enphase Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $128.89.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $117.00 on Tuesday. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The stock has a fifty day moving average price of $113.07 and a two-hundred day moving average price of $114.39. The firm has a market cap of $15.92 billion, a P/E ratio of 60.94, a PEG ratio of 5.84 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. During the same period in the previous year, the firm earned $1.16 earnings per share. Enphase Energy’s revenue was down 57.3% on a year-over-year basis. Research analysts forecast that Enphase Energy, Inc. will post 1.19 EPS for the current fiscal year.

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.