Enphase Energy, Inc. $ENPH Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 28.1% during the second quarter, Holdings Channel reports. The firm owned 6,743,674 shares of the semiconductor company’s stock after acquiring an additional 1,479,153 shares during the quarter. Invesco Ltd. owned about 0.05% of Enphase Energy worth $267,387,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ENPH. Geode Capital Management LLC grew its position in shares of Enphase Energy by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,542,878 shares of the semiconductor company’s stock valued at $140,217,000 after buying an additional 73,459 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Enphase Energy by 827.3% during the second quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company’s stock valued at $45,698,000 after purchasing an additional 1,028,259 shares during the last quarter. Norges Bank bought a new position in shares of Enphase Energy during the second quarter valued at approximately $40,946,000. Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company’s stock worth $62,780,000 after purchasing an additional 74,755 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Enphase Energy by 9,236.6% in the 1st quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company’s stock worth $41,483,000 after purchasing an additional 684,157 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thurman J. Rodgers sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $29.13, for a total transaction of $4,369,500.00. Following the completion of the transaction, the director owned 1,733,596 shares of the company’s stock, valued at $50,499,651.48. This trade represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 10,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $30.93 per share, for a total transaction of $309,300.00. Following the completion of the transaction, the chief executive officer owned 1,630,632 shares of the company’s stock, valued at $50,435,447.76. This represents a 0.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.10% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH opened at $31.25 on Friday. The firm has a market capitalization of $4.09 billion, a PE ratio of 21.55 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $32.43 and a 200 day moving average price of $36.30. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $78.26.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.30. The company had revenue of $410.43 million during the quarter, compared to analyst estimates of $364.64 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ENPH shares. Oppenheimer set a $67.00 price objective on Enphase Energy and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “underperform” rating and set a $31.00 price target on shares of Enphase Energy in a report on Wednesday, October 29th. Royal Bank Of Canada lowered their price target on shares of Enphase Energy from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Susquehanna set a $33.00 price objective on shares of Enphase Energy in a research report on Thursday, October 30th. Finally, Morgan Stanley decreased their target price on shares of Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $39.90.

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.