Phoenix Financial Ltd. Trims Holdings in Enphase Energy, Inc. $ENPH

Phoenix Financial Ltd. decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 95.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the semiconductor company's stock after selling 343,600 shares during the period. 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 hedge funds and other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its stake in Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock worth $5,421,000 after purchasing an additional 238 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Enphase Energy by 2.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after buying an additional 255 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after buying an additional 258 shares in the last quarter. Empirical Finance LLC grew its position in shares of Enphase Energy by 9.1% during the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company's stock worth $248,000 after buying an additional 332 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in shares of Enphase Energy by 7.1% during the 1st quarter. Cidel Asset Management Inc. now owns 5,070 shares of the semiconductor company's stock worth $315,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $36.08 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The company has a market cap of $4.72 billion, a PE ratio of 28.19 and a beta of 1.56. The business has a 50-day simple moving average of $37.05 and a two-hundred day simple moving average of $40.68. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $89.95.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly 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 company's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the topic of a number of recent research reports. Susquehanna dropped their price target on Enphase Energy from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday, October 13th. Johnson Rice downgraded Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price target on the stock. in a research report on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and set a $41.00 price target on shares of Enphase Energy in a research report on Monday, September 29th. Oppenheimer dropped their price target on Enphase Energy from $77.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, October 9th. Finally, Zacks Research raised Enphase Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and thirteen have issued a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Reduce" and an average price target of $46.84.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the acquisition, the chief executive officer owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

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.

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