Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 15.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,046 shares of the semiconductor company’s stock after purchasing an additional 1,219 shares during the period. Rockefeller Capital Management L.P.’s holdings in Enphase Energy were worth $2,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ENPH. Jennison Associates LLC lifted its position in Enphase Energy by 272.4% in the third quarter. Jennison Associates LLC now owns 890,322 shares of the semiconductor company’s stock valued at $247,038,000 after purchasing an additional 651,254 shares during the period. Clearbridge Investments LLC lifted its position in Enphase Energy by 86.2% in the first quarter. Clearbridge Investments LLC now owns 801,156 shares of the semiconductor company’s stock valued at $161,657,000 after purchasing an additional 370,992 shares during the period. TCW Group Inc. lifted its position in Enphase Energy by 188.5% in the second quarter. TCW Group Inc. now owns 448,735 shares of the semiconductor company’s stock valued at $87,611,000 after purchasing an additional 293,194 shares during the period. Franklin Resources Inc. lifted its position in Enphase Energy by 2,675.2% in the second quarter. Franklin Resources Inc. now owns 214,412 shares of the semiconductor company’s stock valued at $41,862,000 after purchasing an additional 206,686 shares during the period. Finally, Voya Investment Management LLC lifted its position in Enphase Energy by 193.8% in the second quarter. Voya Investment Management LLC now owns 273,756 shares of the semiconductor company’s stock valued at $53,448,000 after purchasing an additional 180,593 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ENPH. Susquehanna downgraded shares of Enphase Energy from a “positive” rating to a “neutral” rating and raised their price objective for the company from $310.00 to $365.00 in a research report on Thursday, December 15th. Susquehanna Bancshares cut shares of Enphase Energy to a “neutral” rating and set a $365.00 target price for the company. in a report on Thursday, December 15th. B. Riley increased their target price on shares of Enphase Energy from $217.00 to $242.00 in a report on Wednesday, October 26th. Northland Securities raised shares of Enphase Energy from a “market perform” rating to an “outperform” rating and set a $365.00 target price for the company in a report on Monday, December 19th. Finally, Daiwa Capital Markets assumed coverage on shares of Enphase Energy in a report on Friday, December 23rd. They issued an “outperform” rating and a $335.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $310.35.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of Enphase Energy stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $327.65, for a total value of $11,902,541.55. Following the completion of the sale, the chief executive officer now directly owns 1,131,459 shares of the company’s stock, valued at approximately $370,722,541.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of Enphase Energy stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $327.65, for a total value of $11,902,541.55. Following the transaction, the chief executive officer now owns 1,131,459 shares in the company, valued at approximately $370,722,541.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mandy Yang sold 9,454 shares of Enphase Energy stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $297.54, for a total transaction of $2,812,943.16. Following the completion of the transaction, the chief financial officer now owns 88,399 shares in the company, valued at approximately $26,302,238.46. The disclosure for this sale can be found here. In the last three months, insiders sold 201,128 shares of company stock valued at $63,385,815. Company insiders own 4.80% of the company’s stock.

Enphase Energy Stock Down 3.9 %

ENPH stock opened at $219.47 on Wednesday. The stock has a market capitalization of $29.83 billion, a P/E ratio of 105.51, a PEG ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 3.34 and a current ratio of 3.60. Enphase Energy, Inc. has a one year low of $113.97 and a one year high of $339.92. The company has a 50 day moving average price of $284.94 and a two-hundred day moving average price of $278.47.

Enphase Energy (NASDAQ:ENPH – Get Rating) last released its earnings results on Tuesday, October 25th. The semiconductor company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.77 by $0.11. The firm had revenue of $634.71 million during the quarter, compared to analysts’ expectations of $616.50 million. Enphase Energy had a net margin of 14.67% and a return on equity of 76.66%. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 3.18 EPS for the current year.

About Enphase Energy

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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 services.