Swedbank AB Has $18.75 Million Holdings in Enphase Energy, Inc. $ENPH

Swedbank AB boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 11.3% in the fourth quarter, HoldingsChannel reports. The fund owned 584,898 shares of the semiconductor company’s stock after buying an additional 59,500 shares during the quarter. Swedbank AB’s holdings in Enphase Energy were worth $18,746,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Enphase Energy by 431.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 514 shares during the period. Glass Jacobson Investment Advisors llc raised its stake in shares of Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares in the last quarter. Stance Capital LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter worth about $32,000. Geneos Wealth Management Inc. raised its stake in shares of Enphase Energy by 199.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 920 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 613 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,040 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 2.8%

Shares of ENPH stock opened at $36.45 on Friday. The stock’s 50 day simple moving average is $38.12 and its 200 day simple moving average is $36.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $54.43. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 36.09 and a beta of 1.26.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $282.28 million. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. As a group, research analysts predict that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of recent research reports. Susquehanna cut their price target on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company cut their price target on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. HSBC raised Enphase Energy from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised Enphase Energy from a “sector perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.65.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 137,250 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $43.61, for a total value of $5,985,472.50. Following the transaction, the director directly owned 1,597,641 shares of the company’s stock, valued at approximately $69,673,124.01. This trade represents a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Mora sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $52.05, for a total value of $57,255.00. Following the completion of the transaction, the director directly owned 9,370 shares in the company, valued at $487,708.50. The trade was a 10.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company insiders.

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.