Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 94.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,703 shares of the semiconductor company's stock after purchasing an additional 10,041 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Enphase Energy were worth $1,285,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Enphase Energy by 43.4% during the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after buying an additional 1,378,978 shares during the period. Worldquant Millennium Advisors LLC raised its position in shares of Enphase Energy by 531.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after acquiring an additional 678,163 shares in the last quarter. Norges Bank purchased a new stake in shares of Enphase Energy during the 4th quarter worth $46,339,000. Alyeska Investment Group L.P. boosted its position in Enphase Energy by 62.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock valued at $92,652,000 after purchasing an additional 517,989 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Enphase Energy by 10,270.1% in the first quarter. GAMMA Investing LLC now owns 512,285 shares of the semiconductor company's stock valued at $31,787,000 after purchasing an additional 507,345 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction on Friday, April 25th. The shares were bought at an average price of $46.35 per share, with a total value of $185,400.00. Following the completion of the purchase, the chief executive officer owned 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by insiders.

Enphase Energy Price Performance

NASDAQ ENPH traded up $0.23 on Wednesday, hitting $41.14. The company had a trading volume of 4,852,486 shares, compared to its average volume of 4,930,876. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.90 and a quick ratio of 1.77. The company's fifty day moving average price is $43.24 and its 200-day moving average price is $55.93. The company has a market capitalization of $5.40 billion, a PE ratio of 38.29 and a beta of 1.67. Enphase Energy, Inc. has a 12-month low of $33.01 and a 12-month high of $130.08.

Analyst Ratings Changes

A number of equities analysts have commented on ENPH shares. KeyCorp reiterated an "underweight" rating and issued a $31.00 target price on shares of Enphase Energy in a report on Tuesday, June 17th. Oppenheimer set a $84.00 price objective on shares of Enphase Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. BNP Paribas lowered shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, May 13th. Barclays downgraded shares of Enphase Energy from an "overweight" rating to an "underweight" rating and lowered their target price for the company from $51.00 to $40.00 in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group reduced their price target on Enphase Energy from $70.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Twelve investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average price target of $65.44.

Enphase Energy Company 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.