Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,318 shares of the semiconductor company’s stock after acquiring an additional 336 shares during the quarter. Arizona State Retirement System’s holdings in Enphase Energy were worth $2,700,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ENPH. Charles Schwab Investment Management Inc. increased its holdings in Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Enphase Energy during the third quarter worth approximately $37,475,000. Mizuho Securities USA LLC grew its position in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after buying an additional 438,424 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after buying an additional 31,008 shares during the last quarter. Finally, Swedbank AB raised its holdings in Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENPH. Northland Securities decreased their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Glj Research reiterated a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research note on Tuesday, February 4th. Redburn Atlantic assumed coverage on Enphase Energy in a research note on Monday, March 3rd. They set a “neutral” rating on the stock. Oppenheimer lifted their target price on Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price target on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $61.63 on Monday. The stock has a market cap of $8.16 billion, a P/E ratio of 83.28 and a beta of 2.12. The firm’s 50-day simple moving average is $64.45 and its 200 day simple moving average is $81.20. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS 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.