Daiwa Securities Group Inc. Has $2.49 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Daiwa Securities Group Inc. cut its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 23.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 24,973 shares of the semiconductor company’s stock after selling 7,473 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Enphase Energy were worth $2,490,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 203 shares in the last quarter. Chilton Capital Management LLC raised its position in shares of Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy in the 1st quarter worth $35,000. TFO Wealth Partners LLC grew its position in Enphase Energy by 6,720.0% in the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 336 shares during the period. Finally, Quest Partners LLC increased its stake in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 3.9 %

ENPH stock opened at $109.91 on Friday. The stock has a fifty day moving average of $112.24 and a 200-day moving average of $114.90. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 57.24, a PEG ratio of 5.84 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 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 analysts’ expectations 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 for the quarter was down 57.3% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. As a group, equities research analysts predict that Enphase Energy, Inc. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Canaccord Genuity Group dropped their price target on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Canaccord Genuity Group decreased their price objective on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Susquehanna raised their target price on Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a report on Monday, July 15th. Finally, HSBC raised Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research report on Monday, June 10th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $128.89.

Insider Buying and Selling

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business’s 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 sale, the executive vice president now owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

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.