Gilder Gagnon Howe & Co. LLC raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 119.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,672,927 shares of the semiconductor company’s stock after acquiring an additional 909,801 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 1.96% of Enphase Energy worth $2,543,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ENPH. Goldman Sachs Group Inc. raised its holdings in shares of Enphase Energy by 10,872.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock valued at $1,597,000 after acquiring an additional 1,829,566 shares in the last quarter. K2 Principal Fund L.P. raised its holdings in shares of Enphase Energy by 470.1% in the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock valued at $381,000 after acquiring an additional 363,490 shares in the last quarter. Divisar Capital Management LLC raised its holdings in shares of Enphase Energy by 11.8% in the 2nd quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock valued at $979,000 after acquiring an additional 119,459 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Enphase Energy by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock valued at $717,000 after acquiring an additional 114,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Enphase Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after purchasing an additional 84,549 shares during the last quarter. 19.87% of the stock is currently owned by hedge funds and other institutional investors.
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In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 40,677 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $1.78 per share, for a total transaction of $72,405.06. Following the acquisition, the chief executive officer now owns 40,677 shares in the company, valued at approximately $72,405.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 17.37% of the company’s stock.
Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 18.66%. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $77.13 million. During the same quarter last year, the business posted ($0.28) EPS. The business’s revenue was down 13.2% on a year-over-year basis. equities analysts predict that Enphase Energy, Inc. will post -0.57 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Enphase Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC reiterated a “hold” rating on shares of Enphase Energy in a research report on Tuesday, September 26th. Finally, Cowen and Company reiterated a “buy” rating and set a $2.00 price objective on shares of Enphase Energy in a research report on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Enphase Energy has an average rating of “Hold” and an average price target of $1.56.
Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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