Assenagon Asset Management S.A. Purchases 332 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Assenagon Asset Management S.A. increased its position in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,808 shares of the semiconductor company’s stock after acquiring an additional 332 shares during the period. Assenagon Asset Management S.A.’s holdings in Enphase Energy were worth $5,984,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ENPH. Vanguard Group Inc. grew its holdings in Enphase Energy by 0.4% during the first quarter. Vanguard Group Inc. now owns 13,980,361 shares of the semiconductor company’s stock valued at $2,820,957,000 after purchasing an additional 60,024 shares during the period. Geode Capital Management LLC grew its holdings in Enphase Energy by 3.5% during the second quarter. Geode Capital Management LLC now owns 2,999,370 shares of the semiconductor company’s stock valued at $501,061,000 after purchasing an additional 102,091 shares during the period. Norges Bank bought a new stake in Enphase Energy during the fourth quarter valued at about $325,230,000. Schroder Investment Management Group grew its holdings in Enphase Energy by 21.9% during the second quarter. Schroder Investment Management Group now owns 1,088,584 shares of the semiconductor company’s stock valued at $182,316,000 after purchasing an additional 195,690 shares during the period. Finally, First Trust Advisors LP grew its holdings in Enphase Energy by 8.0% during the first quarter. First Trust Advisors LP now owns 970,416 shares of the semiconductor company’s stock valued at $204,059,000 after purchasing an additional 71,680 shares during the period. Institutional investors own 71.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ENPH. Wells Fargo & Company raised Enphase Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $98.00 to $141.00 in a report on Monday, January 8th. Oppenheimer lowered Enphase Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Canaccord Genuity Group started coverage on Enphase Energy in a report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target for the company. Craig Hallum lowered their price objective on Enphase Energy from $190.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, Jefferies Financial Group started coverage on Enphase Energy in a research report on Friday, December 15th. They issued a “buy” rating and a $121.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Enphase Energy has an average rating of “Moderate Buy” and an average target price of $169.66.

View Our Latest Research Report on Enphase Energy

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 1,118 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $90.23 per share, for a total transaction of $100,877.14. Following the completion of the transaction, the chief executive officer now directly owns 1,272,015 shares in the company, valued at approximately $114,773,913.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.

Enphase Energy Trading Down 2.6 %

Shares of ENPH stock opened at $106.35 on Wednesday. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $247.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.36 and a quick ratio of 3.13. The stock’s 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $119.35. The company has a market cap of $14.52 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.79 and a beta of 1.62.

Enphase Energy 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 services.

See Also

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

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