Liberty Wealth Management LLC Has $12.16 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Liberty Wealth Management LLC raised its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 5.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 121,972 shares of the semiconductor company’s stock after purchasing an additional 6,705 shares during the period. Liberty Wealth Management LLC’s holdings in Enphase Energy were worth $12,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Enphase Energy by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 796,053 shares of the semiconductor company’s stock worth $105,190,000 after purchasing an additional 34,992 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of Enphase Energy in the 4th quarter worth approximately $221,000. SCP Investment LP bought a new stake in Enphase Energy during the 4th quarter worth approximately $355,000. Principal Securities Inc. acquired a new stake in Enphase Energy during the 4th quarter valued at $62,000. Finally, Versor Investments LP bought a new position in Enphase Energy in the 4th quarter valued at $544,000. Institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Enphase Energy from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Glj Research started coverage on Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 target price for the company. Canaccord Genuity Group decreased their price target on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Craig Hallum boosted their price objective on Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, 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 report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $128.89.

Insider Activity

In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.40% of the company’s stock.

Enphase Energy Stock Up 0.3 %

Shares of NASDAQ ENPH opened at $109.00 on Monday. The company has a 50 day simple moving average of $111.33 and a 200 day simple moving average of $115.31. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The firm has a market cap of $14.76 billion, a PE ratio of 56.59, a price-to-earnings-growth ratio of 5.74 and a beta of 1.72.

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

Enphase Energy Company 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.