Enphase Energy Inc (ENPH) Stake Maintained by Delta Lloyd NV
Delta Lloyd NV maintained its position in Enphase Energy Inc (NASDAQ:ENPH) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500,000 shares of the semiconductor company’s stock at the end of the first quarter. Delta Lloyd NV owned approximately 0.61% of Enphase Energy worth $595,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in Enphase Energy during the first quarter worth approximately $111,000. Trellus Management Company LLC acquired a new position in Enphase Energy during the first quarter worth approximately $171,000. Ancora Advisors LLC increased its position in Enphase Energy by 30.0% in the fourth quarter. Ancora Advisors LLC now owns 130,000 shares of the semiconductor company’s stock worth $131,000 after buying an additional 30,000 shares during the last quarter. Divisar Capital Management LLC acquired a new position in Enphase Energy during the fourth quarter worth approximately $914,000. Finally, A.R.T. Advisors LLC increased its position in Enphase Energy by 547.5% in the fourth quarter. A.R.T. Advisors LLC now owns 220,154 shares of the semiconductor company’s stock worth $222,000 after buying an additional 186,154 shares during the last quarter. 23.84% of the stock is owned by institutional investors.
Shares of Enphase Energy Inc (NASDAQ:ENPH) traded up 3.577% during midday trading on Friday, hitting $0.724. 941,499 shares of the company were exchanged. Enphase Energy Inc has a one year low of $0.65 and a one year high of $2.38. The company has a 50-day moving average of $1.16 and a 200 day moving average of $1.29. The company’s market capitalization is $61.02 million.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.05. Enphase Energy had a negative net margin of 23.54% and a negative return on equity of 294.30%. The business had revenue of $54.75 million during the quarter, compared to analysts’ expectations of $62.72 million. During the same quarter in the prior year, the business posted ($0.34) earnings per share. Enphase Energy’s revenue was down 14.6% compared to the same quarter last year. On average, equities research analysts expect that Enphase Energy Inc will post ($0.28) earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Monday. Roth Capital set a $1.00 price objective on shares of Enphase Energy and gave the stock a “hold” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.29.
About Enphase Energy
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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