72,451 Shares in Enphase Energy, Inc. $ENPH Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 72,451 shares of the semiconductor company’s stock, valued at approximately $3,567,000.

A number of other hedge funds have also recently bought and sold shares of ENPH. Monaco Asset Management SAM acquired a new position in Enphase Energy in the 4th quarter valued at approximately $2,724,000. Handelsbanken Fonder AB grew its holdings in shares of Enphase Energy by 154.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock worth $103,953,000 after purchasing an additional 1,283,052 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Enphase Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after purchasing an additional 246,876 shares in the last quarter. First Trust Advisors LP increased its position in shares of Enphase Energy by 42.4% during the first quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock valued at $69,359,000 after purchasing an additional 546,460 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Enphase Energy during the first quarter valued at approximately $2,193,000. 72.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENPH. Evercore restated a “positive” rating and issued a $41.00 target price on shares of Enphase Energy in a research note on Monday. TD Cowen decreased their price target on shares of Enphase Energy from $70.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Morgan Stanley set a $27.00 price target on shares of Enphase Energy in a report on Friday, May 8th. UBS Group set a $56.00 price objective on shares of Enphase Energy in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.79.

Insiders Place Their Bets

In other news, Director Shanker Trivedi bought 1,000 shares of Enphase Energy stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $53,910. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Mora sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $36.76, for a total transaction of $73,520.00. Following the completion of the sale, the director directly owned 11,922 shares in the company, valued at approximately $438,252.72. The trade was a 14.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,200 shares of company stock worth $179,000 over the last three months. 2.90% of the stock is currently owned by corporate insiders.

Enphase Energy Trading Up 0.7%

ENPH stock opened at $38.61 on Friday. Enphase Energy, Inc. has a 1-year low of $25.77 and a 1-year high of $73.74. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $42.82 and its 200-day moving average is $44.05. The firm has a market cap of $5.10 billion, a P/E ratio of 38.61 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $291.85 million for the quarter, compared to the consensus estimate of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.Enphase Energy’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. Equities analysts anticipate that Enphase Energy, Inc. will post 0.76 earnings per share for the current fiscal year.

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.