Amalgamated Bank Has $2.91 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Amalgamated Bank reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,140 shares of the semiconductor company’s stock after selling 545 shares during the period. Amalgamated Bank’s holdings in Enphase Energy were worth $2,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Enphase Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after buying an additional 192,854 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after purchasing an additional 2,304,408 shares in the last quarter. Swedbank AB bought a new stake in shares of Enphase Energy during the 1st quarter valued at approximately $424,130,000. Northern Trust Corp increased its position in Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after purchasing an additional 3,940 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Enphase Energy by 11.1% in the 1st quarter. Nordea Investment Management AB now owns 907,722 shares of the semiconductor company’s stock valued at $108,927,000 after purchasing an additional 90,558 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 1.8 %

Shares of NASDAQ ENPH opened at $117.00 on Tuesday. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $141.63. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The firm has a market cap of $15.92 billion, a PE ratio of 60.94, a P/E/G ratio of 5.84 and a beta of 1.72. The company’s fifty day simple moving average is $113.07 and its 200 day simple moving average is $114.39.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business’s revenue for the quarter was down 57.3% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENPH. Morgan Stanley upped their price target on shares of Enphase Energy from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their price target on Enphase Energy from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Guggenheim upped their price objective on Enphase Energy from $92.00 to $93.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. William Blair initiated coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating on the stock. Finally, HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $128.89.

Enphase Energy Company 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.