Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.7% in the second quarter, HoldingsChannel reports. The fund owned 5,356 shares of the semiconductor company’s stock after buying an additional 805 shares during the quarter. Wedbush Securities Inc.’s holdings in Enphase Energy were worth $534,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fermata Advisors LLC raised its stake in Enphase Energy by 1.4% during the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 100 shares during the period. Hollencrest Capital Management raised its position in shares of Enphase Energy by 3.3% in the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock valued at $1,165,000 after acquiring an additional 100 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Enphase Energy by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 106 shares during the period. Finally, VitalStone Financial LLC increased its stake in Enphase Energy by 14.3% during the fourth quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 111 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Enphase Energy stock opened at $105.83 on Friday. The company has a market cap of $14.40 billion, a PE ratio of 55.12, a P/E/G ratio of 5.74 and a beta of 1.72. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $141.63. The company has a fifty day moving average price of $111.98 and a two-hundred day moving average price of $114.97. 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 (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was down 57.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. Research analysts expect that Enphase Energy, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENPH shares. Guggenheim lifted their price objective on Enphase Energy from $92.00 to $93.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group decreased their price objective 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. Jefferies Financial Group reissued a “hold” rating and issued a $115.00 target price (up previously from $111.00) on shares of Enphase Energy in a research note on Wednesday, September 4th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a research report on Wednesday, July 24th. Finally, Craig Hallum raised their price objective on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Four research 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, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $128.89.

Insider Buying and Selling

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the sale, the executive vice president now directly owns 107,943 shares in the company, valued at $13,306,133.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by company insiders.

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.