Kentucky Retirement Systems Has $1.44 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Kentucky Retirement Systems decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,926 shares of the semiconductor company’s stock after selling 165 shares during the quarter. Kentucky Retirement Systems’ holdings in Enphase Energy were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. boosted its holdings in Enphase Energy by 34.9% in the third quarter. Panagora Asset Management Inc. now owns 7,512 shares of the semiconductor company’s stock valued at $903,000 after acquiring an additional 1,942 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Enphase Energy by 173.5% in the 3rd quarter. Allworth Financial LP now owns 1,988 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 1,261 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Enphase Energy by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,618 shares of the semiconductor company’s stock worth $1,276,000 after buying an additional 262 shares during the period. Banque Pictet & Cie SA raised its stake in shares of Enphase Energy by 13.1% during the third quarter. Banque Pictet & Cie SA now owns 3,073 shares of the semiconductor company’s stock worth $369,000 after buying an additional 355 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in Enphase Energy by 15.3% in the third quarter. Empirical Finance LLC now owns 3,555 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 471 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $113.45 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The stock has a 50 day moving average price of $113.64 and a 200 day moving average price of $112.88. The stock has a market capitalization of $15.44 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 4.09 and a beta of 1.50. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 net margin of 15.10% and a return on equity of 31.89%. Analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley upped their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Truist Financial decreased their target price on Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. B. Riley increased their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. DZ Bank initiated coverage on shares of Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price objective for the company. Finally, Citigroup lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $126.00 to $121.00 in a report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.45.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now directly owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $3,219,700 in the last quarter. Company insiders own 3.40% of the company’s stock.

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.