Gilder Gagnon Howe & Co. LLC grew its position in shares of Enphase Energy Inc (NASDAQ:ENPH) by 30.5% in the first quarter, Holdings Channel reports. The institutional investor owned 4,514,342 shares of the semiconductor company’s stock after buying an additional 1,053,833 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Enphase Energy were worth $41,667,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Marathon Capital Management raised its position in Enphase Energy by 2.1% during the 4th quarter. Marathon Capital Management now owns 442,700 shares of the semiconductor company’s stock worth $2,093,000 after buying an additional 9,225 shares during the last quarter. Redmond Asset Management LLC purchased a new position in shares of Enphase Energy in the 1st quarter valued at about $861,000. Two Sigma Advisers LP increased its holdings in shares of Enphase Energy by 0.6% in the 4th quarter. Two Sigma Advisers LP now owns 418,709 shares of the semiconductor company’s stock valued at $1,980,000 after purchasing an additional 2,500 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Enphase Energy by 2.8% in the 4th quarter. BlackRock Inc. now owns 5,688,416 shares of the semiconductor company’s stock valued at $26,907,000 after purchasing an additional 154,094 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Enphase Energy by 24.5% in the 4th quarter. Alps Advisors Inc. now owns 45,457 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 8,955 shares in the last quarter. Institutional investors own 48.41% of the company’s stock.

A number of brokerages have recently issued reports on ENPH. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of Enphase Energy in a report on Wednesday, June 12th. BidaskClub downgraded shares of Enphase Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. TheStreet upgraded shares of Enphase Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 21st. ValuEngine upgraded shares of Enphase Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Craig Hallum reiterated a “buy” rating and issued a $17.00 price target (up previously from $10.00) on shares of Enphase Energy in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.21.

In related news, VP David A. Ranhoff sold 63,516 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $14.62, for a total value of $928,603.92. Following the sale, the vice president now directly owns 790,517 shares of the company’s stock, valued at approximately $11,557,358.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Eric Branderiz sold 30,935 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $8.88, for a total transaction of $274,702.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,561 shares of company stock worth $1,222,613. 12.46% of the stock is owned by corporate insiders.

Shares of ENPH opened at $17.33 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 4.63. The stock has a market capitalization of $1.91 billion, a PE ratio of -144.42 and a beta of 0.81. Enphase Energy Inc has a 52-week low of $3.70 and a 52-week high of $17.68.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $100.15 million during the quarter, compared to analysts’ expectations of $92.26 million. The business’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, equities research analysts forecast that Enphase Energy Inc will post 0.36 EPS for the current fiscal year.

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Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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