Dynamic Advisor Solutions LLC Sells 109 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Posted by on Mar 23rd, 2023

Dynamic Advisor Solutions LLC decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,172 shares of the semiconductor company’s stock after selling 109 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Enphase Energy were worth $1,105,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Enphase Energy by 2.3% during the third quarter. Vanguard Group Inc. now owns 15,387,471 shares of the semiconductor company’s stock valued at $4,269,562,000 after buying an additional 351,517 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Enphase Energy by 850.3% during the third quarter. Two Sigma Advisers LP now owns 1,418,909 shares of the semiconductor company’s stock valued at $393,705,000 after buying an additional 1,269,600 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Enphase Energy by 0.9% during the second quarter. Brown Advisory Inc. now owns 1,402,229 shares of the semiconductor company’s stock valued at $273,772,000 after buying an additional 12,801 shares during the last quarter. Legal & General Group Plc grew its stake in Enphase Energy by 4.3% in the second quarter. Legal & General Group Plc now owns 955,847 shares of the semiconductor company’s stock worth $186,619,000 after purchasing an additional 39,751 shares in the last quarter. Finally, Pictet Asset Management SA grew its stake in Enphase Energy by 2.9% in the third quarter. Pictet Asset Management SA now owns 934,253 shares of the semiconductor company’s stock worth $259,227,000 after purchasing an additional 26,140 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ENPH. OTR Global cut Enphase Energy to a “positive” rating in a research note on Tuesday, January 24th. JPMorgan Chase & Co. dropped their price objective on Enphase Energy from $310.00 to $307.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 8th. Barclays increased their price objective on Enphase Energy from $251.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Janney Montgomery Scott raised Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 price objective on the stock in a research note on Monday, February 27th. Finally, Truist Financial dropped their price objective on Enphase Energy from $325.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Six equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.08.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $202.15 on Thursday. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 72.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55 and a quick ratio of 3.31. The business has a fifty day moving average of $215.89 and a 200 day moving average of $263.27. Enphase Energy, Inc. has a 1 year low of $128.67 and a 1 year high of $339.92.

Insider Buying and Selling

In related news, EVP David A. Ranhoff sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the completion of the transaction, the executive vice president now owns 97,102 shares in the company, valued at approximately $19,735,981.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP David A. Ranhoff sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the completion of the transaction, the executive vice president now owns 97,102 shares in the company, valued at approximately $19,735,981.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Mora sold 4,500 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at approximately $343,392. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by company insiders.

About Enphase Energy

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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