Newbridge Financial Services Group Inc. Acquires 390 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Newbridge Financial Services Group Inc. increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 47.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,215 shares of the semiconductor company’s stock after acquiring an additional 390 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Enphase Energy were worth $147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Enphase Energy by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock valued at $2,066,846,000 after buying an additional 192,854 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after purchasing an additional 4,078,723 shares in the last quarter. Northern Trust Corp boosted its position in shares of Enphase Energy by 0.3% during the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after buying an additional 3,940 shares during the last quarter. Norges Bank bought a new stake in Enphase Energy in the 4th quarter worth about $149,425,000. Finally, Schroder Investment Management Group raised its position in Enphase Energy by 3.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock worth $135,080,000 after buying an additional 35,681 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research reports. Canaccord Genuity Group dropped their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price objective on the stock. in a report on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a report on Wednesday, April 24th. Barclays upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $134.00 in a research note on Friday, April 26th. Finally, Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $133.45.

View Our Latest Stock Analysis on ENPH

Enphase Energy Stock Down 1.7 %

Shares of ENPH stock traded down $1.95 during mid-day trading on Tuesday, hitting $111.50. The stock had a trading volume of 2,538,614 shares, compared to its average volume of 4,082,842. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The firm’s 50-day moving average is $113.45 and its two-hundred day moving average is $113.10. The firm has a market capitalization of $15.17 billion, a P/E ratio of 58.07, a price-to-earnings-growth ratio of 4.09 and a beta of 1.50.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The firm had revenue of $263.34 million during the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,000 shares of company stock worth $3,219,700. 3.40% of the stock is currently owned by insiders.

Enphase Energy Company Profile

(Free Report)

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.

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

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