Private Advisor Group LLC Has $1.90 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Private Advisor Group LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 20.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,046 shares of the semiconductor company’s stock after buying an additional 3,182 shares during the period. Private Advisor Group LLC’s holdings in Enphase Energy were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC increased its holdings in Enphase Energy by 1,068.4% during the 1st 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 in the last quarter. Chilton Capital Management LLC increased its stake in shares of Enphase Energy by 2,733.3% in the first 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 in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy in the first quarter valued at about $35,000. TFO Wealth Partners LLC lifted its position in Enphase Energy by 6,720.0% during the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Enphase Energy by 50.9% during the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ENPH shares. Canaccord Genuity Group dropped their target price on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Glj Research initiated coverage on Enphase Energy in a report on Tuesday, June 25th. They set a “sell” rating and a $45.82 price objective on the stock. Guggenheim lifted their target price on Enphase Energy from $92.00 to $93.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research note on Wednesday, July 24th. Finally, BMO Capital Markets raised their price target on Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $128.89.

Insider Transactions at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Monday, June 17th. The shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the sale, the executive vice president now directly owns 107,943 shares in the company, valued at approximately $13,306,133.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

Enphase Energy Stock Performance

ENPH opened at $109.91 on Friday. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 57.24, a P/E/G ratio of 5.84 and a beta of 1.72. The business’s 50-day moving average price is $112.24 and its two-hundred day moving average price is $114.90. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same period in the prior year, the business posted $1.16 EPS. The firm’s quarterly revenue was down 57.3% compared to the same quarter last year. Equities analysts expect that Enphase Energy, Inc. will post 1.19 EPS for the current fiscal year.

Enphase Energy 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.