Enphase Energy, Inc. (NASDAQ:ENPH) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 67.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,548 shares of the semiconductor company’s stock after acquiring an additional 151,339 shares during the period. American Century Companies Inc.’s holdings in Enphase Energy were worth $37,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Westfield Capital Management Co. LP acquired a new position in Enphase Energy during the 4th quarter valued at approximately $41,068,000. Northern Trust Corp boosted its holdings in shares of Enphase Energy by 0.3% during the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after acquiring an additional 3,940 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Enphase Energy by 48.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $10,658,000 after acquiring an additional 29,013 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Enphase Energy by 364.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 108,674 shares of the semiconductor company’s stock worth $13,147,000 after acquiring an additional 85,284 shares during the period. Finally, Cetera Investment Advisers lifted its position in Enphase Energy by 279.6% in the 1st quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock valued at $2,934,000 after purchasing an additional 17,861 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Up 6.3 %

Enphase Energy stock opened at $118.53 on Wednesday. The company has a 50 day moving average price of $112.41 and a 200 day moving average price of $114.72. 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, Inc. has a 52 week low of $73.49 and a 52 week high of $141.63. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 61.73, a P/E/G ratio of 5.84 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results 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 analysts’ expectations of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business’s quarterly revenue was down 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. Research analysts forecast that Enphase Energy, Inc. will post 1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several recent analyst reports. HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research report on Monday, June 10th. Bank of America lowered their target price on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group reiterated a “hold” rating and set a $115.00 price target (up previously from $111.00) on shares of Enphase Energy in a research report on Wednesday, September 4th. Morgan Stanley raised their price target on Enphase Energy from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, August 21st. Finally, BNP Paribas raised shares of Enphase Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $120.00 to $144.00 in a report on Wednesday, August 7th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $128.89.

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.