Larson Financial Group LLC Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Larson Financial Group LLC increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 22.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,922 shares of the semiconductor company’s stock after buying an additional 542 shares during the quarter. Larson Financial Group LLC’s holdings in Enphase Energy were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ENPH. Manchester Capital Management LLC raised its position in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC raised its holdings in Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. YHB Investment Advisors Inc. acquired a new position in Enphase Energy in the first quarter valued at about $35,000. TFO Wealth Partners LLC boosted its stake in Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Enphase Energy by 50.9% during the first quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock worth $52,000 after buying an additional 144 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on ENPH shares. William Blair initiated coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating on the stock. Bank of America cut their price objective on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. BNP Paribas upgraded Enphase Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $120.00 to $144.00 in a report on Wednesday, August 7th. Roth Mkm reaffirmed a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a research report on Wednesday, July 24th. Finally, Barclays reduced their price target on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $128.89.

Enphase Energy Trading Down 3.1 %

NASDAQ ENPH opened at $108.65 on Friday. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $141.63. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 56.59, a price-to-earnings-growth ratio of 6.22 and a beta of 1.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. The firm’s fifty day moving average price is $111.33 and its 200 day moving average price is $115.47.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same period in the previous year, the business posted $1.16 EPS. The business’s revenue for the quarter was down 57.3% compared to the same quarter last year. On average, sell-side analysts expect that Enphase Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the transaction, the executive vice president now directly owns 107,943 shares in the company, valued at $13,306,133.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

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.