Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Nia Impact Advisors LLC

Nia Impact Advisors LLC trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,093 shares of the semiconductor company’s stock after selling 154 shares during the quarter. Nia Impact Advisors LLC’s holdings in Enphase Energy were worth $308,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC boosted its position in Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. YHB Investment Advisors Inc. acquired a new position in shares of Enphase Energy in the first quarter worth $35,000. TFO Wealth Partners LLC increased its position in shares of Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 336 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of Enphase Energy by 50.9% in the first quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 144 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the sale, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 3.9 %

Shares of Enphase Energy stock opened at $109.91 on Friday. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 57.24, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The company’s 50-day simple moving average is $112.24 and its 200-day simple moving average is $114.86.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same period last year, the company posted $1.16 earnings per share. The business’s quarterly revenue was down 57.3% on a year-over-year basis. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

ENPH has been the subject of several analyst reports. Bank of America lowered their target price on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. BNP Paribas upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $120.00 to $144.00 in a research note on Wednesday, August 7th. Canaccord Genuity Group lowered their target price on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. HSBC upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note on Monday, June 10th. Finally, Glj Research started coverage on Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 price objective for the company. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $128.89.

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.