Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 14.7% during the fourth quarter, Holdings Channel reports. The firm owned 25,724 shares of the semiconductor company’s stock after purchasing an additional 3,297 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Enphase Energy were worth $1,767,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ENPH. Baillie Gifford & Co. grew its position in Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after acquiring an additional 2,028,691 shares during the period. Nordea Investment Management AB grew its holdings in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after purchasing an additional 1,258,778 shares during the period. Norges Bank purchased a new stake in shares of Enphase Energy during the 4th quarter worth about $46,339,000. Aspex Management HK Ltd acquired a new stake in Enphase Energy during the 3rd quarter worth approximately $48,442,000. Finally, Assenagon Asset Management S.A. lifted its position in Enphase Energy by 372.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock valued at $31,830,000 after buying an additional 365,356 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENPH. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Barclays cut their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Truist Financial reaffirmed a “hold” rating and issued a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Craig Hallum dropped their target price on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Redburn Atlantic assumed coverage on Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $90.36.

Enphase Energy Stock Up 1.5 %

Shares of NASDAQ:ENPH opened at $61.65 on Friday. The company’s fifty day moving average is $62.24 and its two-hundred day moving average is $75.88. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 83.31 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

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.