Federated Hermes Inc. Buys 52,997 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Federated Hermes Inc. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 1,093.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,845 shares of the semiconductor company's stock after acquiring an additional 52,997 shares during the period. Federated Hermes Inc.'s holdings in Enphase Energy were worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ENPH. CWM LLC grew its stake in Enphase Energy by 6.3% in the 3rd quarter. CWM LLC now owns 4,040 shares of the semiconductor company's stock valued at $485,000 after acquiring an additional 239 shares during the last quarter. AE Wealth Management LLC grew its stake in Enphase Energy by 24.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company's stock valued at $1,795,000 after acquiring an additional 2,921 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Enphase Energy by 108.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 325 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Enphase Energy by 155.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company's stock worth $162,000 after purchasing an additional 820 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Enphase Energy during the 3rd quarter worth about $259,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP David A. Ranhoff sold 5,000 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Insiders have sold 34,285 shares of company stock worth $4,054,428 in the last 90 days. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ENPH shares. Morgan Stanley raised their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Canaccord Genuity Group started coverage on shares of Enphase Energy in a research note on Tuesday, January 16th. They set a "buy" rating and a $142.00 price target on the stock. Mizuho decreased their price target on shares of Enphase Energy from $150.00 to $148.00 and set a "buy" rating on the stock in a research note on Friday, April 19th. TD Cowen raised their price target on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, BMO Capital Markets decreased their price target on shares of Enphase Energy from $118.00 to $113.00 and set a "market perform" rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $141.00.

Enphase Energy Trading Up 0.6 %

ENPH traded up $0.66 during trading on Thursday, reaching $107.83. The company had a trading volume of 7,481,769 shares, compared to its average volume of 4,216,611. The firm's 50-day simple moving average is $118.79 and its 200 day simple moving average is $111.93. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 53.47, a PEG ratio of 3.24 and a beta of 1.47. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. 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 released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analysts' expectations of $327.06 million. Enphase Energy had a return on equity of 31.34% and a net margin of 15.10%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.01 earnings per share for the current year.

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.