Enphase Energy, Inc. $ENPH Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 95.8% in the second quarter, HoldingsChannel reports. The firm owned 15,000 shares of the semiconductor company’s stock after selling 343,600 shares during the quarter. Phoenix Financial Ltd.’s holdings in Enphase Energy were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company’s stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the period. Invesco Ltd. lifted its holdings in shares of Enphase Energy by 15.5% during the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company’s stock worth $326,664,000 after purchasing an additional 706,656 shares during the period. Assenagon Asset Management S.A. lifted 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 worth $45,698,000 after purchasing an additional 1,028,259 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Enphase Energy by 8.0% during the first 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% during the first 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 period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Down 2.7%

Shares of ENPH stock opened at $36.08 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 28.19 and a beta of 1.56. The stock has a 50 day simple moving average of $37.05 and a 200-day simple moving average of $40.68. Enphase Energy, Inc. has a 1-year low of $29.89 and a 1-year high of $89.95.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $30.82 per share, with a total value of $154,100.00. Following the purchase, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. This represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

ENPH has been the subject of several recent research reports. Barclays lifted their price target on Enphase Energy from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, October 8th. TD Cowen reduced their price target on Enphase Energy from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, July 23rd. Zacks Research upgraded Enphase Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Enphase Energy from $49.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, July 24th. Finally, Wells Fargo & Company lifted their price target on Enphase Energy from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and thirteen have assigned a Sell rating to the company. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Reduce” and a consensus target price of $46.84.

About Enphase Energy

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.