Deutsche Bank AG bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 283,117 shares of the semiconductor company's stock, valued at approximately $13,941,000. Deutsche Bank AG owned about 0.21% of Enphase Energy at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Monaco Asset Management SAM purchased a new position in shares of Enphase Energy in the fourth quarter worth $2,724,000. Handelsbanken Fonder AB raised its holdings in Enphase Energy by 154.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company's stock valued at $103,953,000 after buying an additional 1,283,052 shares during the last quarter. Vanguard Group Inc. boosted its position in Enphase Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company's stock valued at $523,365,000 after buying an additional 246,876 shares during the period. First Trust Advisors LP boosted its position in Enphase Energy by 42.4% during the 1st quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company's stock valued at $69,359,000 after buying an additional 546,460 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Enphase Energy by 27.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 590,282 shares of the semiconductor company's stock worth $22,319,000 after acquiring an additional 128,283 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Richard Mora sold 2,000 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $36.76, for a total transaction of $73,520.00. Following the sale, the director owned 11,922 shares in the company, valued at approximately $438,252.72. The trade was a 14.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shanker Trivedi bought 1,000 shares of Enphase Energy stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $53,910. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 4,200 shares of company stock worth $179,000. 2.90% of the stock is owned by corporate insiders.
Enphase Energy Trading Up 0.7%
NASDAQ:ENPH opened at $38.61 on Friday. The company has a 50-day moving average price of $42.82 and a 200-day moving average price of $44.05. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 38.61 and a beta of 1.64. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $73.74.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The company had revenue of $291.85 million for the quarter, compared to analysts' expectations of $289.76 million. During the same quarter in the prior year, the firm earned $0.69 EPS. Enphase Energy's quarterly revenue was down 19.6% compared to the same quarter last year. Equities analysts predict that Enphase Energy, Inc. will post 0.76 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ENPH shares. Roth Capital restated a "buy" rating on shares of Enphase Energy in a research report on Friday, May 22nd. Barclays upgraded shares of Enphase Energy from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $30.00 to $51.00 in a report on Thursday, June 18th. TD Cowen reduced their price target on Enphase Energy from $70.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, July 20th. The Goldman Sachs Group boosted their price target on Enphase Energy from $51.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Finally, Evercore reaffirmed a "positive" rating and set a $41.00 price target on shares of Enphase Energy in a research report on Monday, August 17th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Hold" and an average price target of $45.79.
View Our Latest Report on ENPH
Enphase Energy Profile
(
Free Report)
Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.
The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.
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