Enphase Energy, Inc. $ENPH Shares Sold by Leonteq Securities AG

Leonteq Securities AG reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 78.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 25,685 shares of the semiconductor company’s stock after selling 93,702 shares during the period. Leonteq Securities AG’s holdings in Enphase Energy were worth $971,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Enphase Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock valued at $523,365,000 after acquiring an additional 246,876 shares during the last quarter. Norges Bank acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $118,190,000. Invesco Ltd. boosted its position in shares of Enphase Energy by 36.2% during the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after purchasing an additional 839,468 shares during the period. Geode Capital Management LLC boosted its position in shares of Enphase Energy by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock worth $80,478,000 after purchasing an additional 11,220 shares during the period. Finally, Coatue Management LLC increased its holdings in Enphase Energy by 95.3% in the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock valued at $58,319,000 after purchasing an additional 803,945 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Enphase Energy from $41.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, June 12th. TD Cowen lifted their price objective on Enphase Energy from $35.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Barclays upgraded Enphase Energy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $30.00 to $51.00 in a report on Thursday, June 18th. Susquehanna decreased their target price on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Enphase Energy from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.57.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $67.50 per share, for a total transaction of $337,500.00. Following the acquisition, the chief executive officer directly owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shanker Trivedi purchased 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the acquisition, the director owned 1,000 shares in the company, valued at $53,910. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by insiders.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $43.07 on Friday. The company has a fifty day simple moving average of $50.20 and a two-hundred day simple moving average of $42.71. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 42.64 and a beta of 1.62. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 0.85 earnings per share for the current fiscal year.

Enphase Energy Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.