DRW Securities LLC Has $803,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

DRW Securities LLC lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 28.5% during the second quarter, Holdings Channel reports. The firm owned 8,028 shares of the semiconductor company’s stock after selling 3,206 shares during the period. DRW Securities LLC’s holdings in Enphase Energy were worth $803,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Enphase Energy by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after acquiring an additional 192,854 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 57.9% during the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after purchasing an additional 2,304,408 shares in the last quarter. Swedbank AB acquired a new stake in Enphase Energy during the first quarter worth approximately $424,130,000. Northern Trust Corp increased its holdings in Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after purchasing an additional 3,940 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Enphase Energy by 11.1% in the first quarter. Nordea Investment Management AB now owns 907,722 shares of the semiconductor company’s stock valued at $108,927,000 after buying an additional 90,558 shares during the period. 72.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENPH shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $115.00 price objective (up previously from $111.00) on shares of Enphase Energy in a research report on Wednesday, September 4th. Susquehanna lifted their price target on shares of Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a research note on Monday, July 15th. Glj Research started coverage on Enphase Energy in a research note on Tuesday, June 25th. They issued a “sell” rating and a $45.82 target price for the company. Canaccord Genuity Group decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, William Blair started coverage on Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $128.89.

Enphase Energy Stock Performance

Shares of ENPH opened at $114.90 on Monday. The stock has a 50 day moving average of $112.99 and a 200 day moving average of $114.48. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 59.84, a PEG ratio of 5.84 and a beta of 1.72. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $141.63. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The company’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 1.19 earnings per share for the current 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.