Tempus Wealth Planning LLC raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 140.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,162 shares of the semiconductor company’s stock after buying an additional 4,765 shares during the period. Tempus Wealth Planning LLC’s holdings in Enphase Energy were worth $324,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. CX Institutional acquired a new position in Enphase Energy during the 1st quarter worth $29,000. First Horizon Advisors Inc. grew its position in shares of Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock worth $35,000 after buying an additional 258 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Enphase Energy during the first quarter worth approximately $38,000. Brooklyn Investment Group raised its holdings in Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 368 shares in the last quarter. Finally, Quarry LP purchased a new position in Enphase Energy in the first quarter worth approximately $70,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.
Enphase Energy Stock Performance
Shares of ENPH stock opened at $36.50 on Monday. The stock’s 50-day moving average price is $36.17 and its 200 day moving average price is $43.50. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $4.77 billion, a PE ratio of 28.52 and a beta of 1.52. Enphase Energy, Inc. has a 52-week low of $29.89 and a 52-week high of $116.76.
Analyst Ratings Changes
ENPH has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Jefferies Financial Group upgraded Enphase Energy from an “underperform” rating to a “hold” rating and raised their price target for the company from $28.00 to $36.00 in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on Enphase Energy from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Royal Bank Of Canada set a $28.00 price objective on shares of Enphase Energy and gave the stock a “sector perform” rating in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and twelve have assigned a Sell rating to the company. According to MarketBeat.com, Enphase Energy presently has an average rating of “Reduce” and a consensus price target of $55.66.
Check Out Our Latest Stock Report on Enphase Energy
Insider Buying and Selling at Enphase Energy
In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.
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.
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