Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP lifted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 323.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,388 shares of the semiconductor company’s stock after acquiring an additional 97,326 shares during the period. Marshall Wace LLP’s holdings in Enphase Energy were worth $12,702,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in shares of Enphase Energy by 1,068.4% in 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 during the period. 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 worth $31,000 after acquiring an additional 246 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Enphase Energy in the first quarter worth $35,000. TFO Wealth Partners LLC raised its holdings in shares of 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 acquiring an additional 336 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in Enphase Energy by 50.9% during the first quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 144 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Up 1.2 %

Shares of ENPH stock opened at $115.00 on Friday. The firm has a fifty day moving average of $113.43 and a 200-day moving average of $114.14. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 59.90, a P/E/G ratio of 6.19 and a beta of 1.72. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results 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). The business had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same period last year, the company earned $1.16 EPS. On average, equities research analysts forecast that Enphase Energy, Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on ENPH shares. BMO Capital Markets upped their target price on Enphase Energy from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Craig Hallum increased their price objective on Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group reduced 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. Roth Mkm restated a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a report on Wednesday, July 24th. Finally, BNP Paribas upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $120.00 to $144.00 in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average target price of $128.89.

About Enphase Energy

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.