Assenagon Asset Management S.A. Buys 173,628 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Assenagon Asset Management S.A. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 348.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,436 shares of the semiconductor company's stock after acquiring an additional 173,628 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.16% of Enphase Energy worth $29,525,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company's stock worth $1,603,000 after purchasing an additional 48 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Enphase Energy by 1.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company's stock valued at $852,000 after acquiring an additional 72 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Enphase Energy by 4.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,820 shares of the semiconductor company's stock valued at $305,000 after acquiring an additional 74 shares in the last quarter. Huntington National Bank raised its stake in Enphase Energy by 6.9% in the 2nd quarter. Huntington National Bank now owns 1,243 shares of the semiconductor company's stock worth $208,000 after purchasing an additional 80 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Enphase Energy by 7.8% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company's stock worth $251,000 after acquiring an additional 80 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now directly owns 124,948 shares of the company's stock, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,655,171 shares of the company's stock, valued at $199,514,312.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Enphase Energy Trading Up 9.6 %

Shares of NASDAQ ENPH traded up $10.45 during mid-day trading on Wednesday, hitting $119.80. The stock had a trading volume of 4,941,567 shares, compared to its average volume of 4,232,149. The business has a 50 day moving average price of $116.75 and a two-hundred day moving average price of $112.56. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $231.42. The firm has a market cap of $16.26 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.48. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. On average, equities analysts anticipate that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ENPH shares. Royal Bank of Canada assumed coverage on shares of Enphase Energy in a report on Wednesday, February 14th. They issued an "outperform" rating and a $140.00 target price for the company. Barclays upped their price objective on shares of Enphase Energy from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, February 8th. Roth Mkm reduced their price target on shares of Enphase Energy from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Piper Sandler cut their price target on Enphase Energy from $120.00 to $117.00 and set a "neutral" rating for the company in a research note on Friday, January 12th. Finally, Mizuho increased their price objective on Enphase Energy from $131.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy has a consensus rating of "Moderate Buy" and a consensus target price of $153.65.

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.