Banco Santander S.A. Has $3.62 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Banco Santander S.A. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,895 shares of the semiconductor company’s stock after purchasing an additional 2,155 shares during the period. Banco Santander S.A.’s holdings in Enphase Energy were worth $3,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Enphase Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after acquiring an additional 192,854 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 387,343.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after acquiring an additional 4,078,723 shares during the period. Northern Trust Corp lifted its holdings in shares of Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after acquiring an additional 3,940 shares during the period. Norges Bank bought a new stake in shares of Enphase Energy during the 4th quarter worth approximately $149,425,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Enphase Energy by 11.1% during the 1st quarter. Nordea Investment Management AB now owns 907,722 shares of the semiconductor company’s stock worth $108,927,000 after acquiring an additional 90,558 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ENPH. Barclays cut their price target on shares of Enphase Energy from $134.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Piper Sandler reissued a “neutral” rating and issued a $111.00 price objective (down previously from $113.00) on shares of Enphase Energy in a research note 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 for the company. in a research note on Wednesday, April 24th. Glj Research initiated coverage on shares of Enphase Energy in a research note on Tuesday, June 25th. They issued a “sell” rating and a $45.82 price objective for the company. Finally, Truist Financial dropped their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus target price of $129.74.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the completion of the sale, the director now directly owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the transaction, the director now directly owns 1,984,562 shares in the company, valued at $251,106,629.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy 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 transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 344,526 shares of company stock worth $43,139,775. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Trading Down 2.3 %

Shares of ENPH traded down $2.48 during trading hours on Friday, hitting $105.46. 3,238,581 shares of the stock were exchanged, compared to its average volume of 4,155,304. 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 has a market capitalization of $14.35 billion, a P/E ratio of 54.93, a price-to-earnings-growth ratio of 4.74 and a beta of 1.71. The business has a 50-day moving average of $115.56 and a 200-day moving average of $115.51. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $182.26.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The company had revenue of $263.34 million during the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, research analysts expect that Enphase Energy, Inc. will post 1.32 EPS for the current year.

About Enphase Energy

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.