Congress Wealth Control LLC DE lower its place in stocks of Enphase Power, Inc. (NASDAQ:ENPH – Unfastened Document) via 74.9% throughout the 3rd quarter, Holdings Channel.com studies. The company owned 2,135 stocks of the semiconductor corporate’s inventory after promoting 6,358 stocks throughout the quarter. Congress Wealth Control LLC DE’s holdings in Enphase Power have been value $257,000 on the finish of the latest quarter.

A number of different institutional buyers and hedge budget additionally not too long ago purchased and offered stocks of ENPH. Norges Financial institution received a brand new stake in Enphase Power throughout the fourth quarter value $325,230,000. UniSuper Control Pty Ltd bought a brand new stake in Enphase Power within the 2d quarter valued at about $82,773,000. Clearbridge Investments LLC lifted its place in Enphase Power via 86.2% within the first quarter. Clearbridge Investments LLC now owns 801,156 stocks of the semiconductor corporate’s inventory valued at $161,657,000 after purchasing an extra 370,992 stocks throughout the remaining quarter. Financial institution of Montreal Can bought a brand new place in Enphase Power throughout the second one quarter value about $66,424,000. After all, Arrowstreet Capital Restricted Partnership greater its place in stocks of Enphase Power via 67.6% throughout the primary quarter. Arrowstreet Capital Restricted Partnership now owns 884,240 stocks of the semiconductor corporate’s inventory valued at $185,938,000 after obtaining an extra 356,495 stocks throughout the remaining quarter. 71.05% of the inventory is recently owned via institutional buyers and hedge budget.

Insider Purchasing and Promoting

In different Enphase Power information, CEO Badrinarayanan Kothandaraman purchased 1,118 stocks of the inventory in a transaction dated Thursday, November sixteenth. The stocks have been received at a mean value of $90.23 consistent with proportion, for a complete transaction of $100,877.14. Following the of entirety of the transaction, the manager government officer now owns 1,272,015 stocks within the corporate, valued at roughly $114,773,913.45. The transaction was once disclosed in a file filed with the SEC, which will also be accessed thru this link. 4.20% of the inventory is recently owned via corporate insiders.

Wall Side road Analyst Weigh In

A number of equities analysts have not too long ago commented at the inventory. Raymond James reduced their payment function on stocks of Enphase Power from $225.00 to $175.00 and set an “outperform” ranking at the inventory in a record on Tuesday, October third. The Goldman Sachs Team reduced their payment goal on Enphase Power from $180.00 to $158.00 and set a “purchase” ranking at the inventory in a analysis observe on Monday, October thirtieth. Susquehanna dropped their payment function on Enphase Power from $200.00 to $175.00 and set a “sure” ranking for the corporate in a analysis observe on Monday, October 2d. HSBC reduced Enphase Power from a “purchase” ranking to a “hang” ranking and set a $86.00 goal payment at the inventory. in a analysis observe on Friday, October twenty seventh. After all, Financial institution of The united states reduced their goal payment on Enphase Power from $114.00 to $102.00 in a record on Thursday, October twelfth. One analysis analyst has rated the inventory with a promote ranking, fourteen have given a hang ranking and seventeen have issued a purchase ranking to the corporate’s inventory. According to knowledge from MarketBeat, Enphase Power has a mean ranking of “Reasonable Purchase” and a consensus goal payment of $169.34.

Get Our Newest Research on ENPH

Enphase Power Buying and selling Down 1.3 %

Stocks of Enphase Power inventory opened at $108.75 on Wednesday. The corporate has a fifty day easy shifting moderate of $110.26 and a 200-day easy shifting moderate of $123.96. Enphase Power, Inc. has a 12-month low of $73.49 and a 12-month prime of $260.98. The corporate has a present ratio of three.36, a handy guide a rough ratio of three.13 and a debt-to-equity ratio of one.18. The inventory has a marketplace cap of $14.85 billion, a price-to-earnings ratio of 27.39, a PEG ratio of two.25 and a beta of one.62.

Enphase Power (NASDAQ:ENPH – Get Unfastened Document) remaining launched its quarterly revenue knowledge on Thursday, October twenty sixth. The semiconductor corporate reported $0.84 revenue consistent with proportion (EPS) for the quarter, beating the consensus estimate of $0.71 via $0.13. Enphase Power had a internet margin of 21.08% and a go back on fairness of 63.06%. The corporate had income of $551.08 million throughout the quarter, in comparison to the consensus estimate of $562.27 million. On moderate, equities analysts forecast that Enphase Power, Inc. will put up 3.24 EPS for the present fiscal yr.

About Enphase Power

(Unfastened Document)

Enphase Power, Inc, along side its subsidiaries, designs, develops, manufactures, and sells house power answers for the sun photovoltaic business in america and the world over. The corporate provides semiconductor-based microinverter, which converts power on the particular person sun module stage, and combines with its proprietary networking and instrument applied sciences to supply power tracking and regulate products and services.

See Additionally

Wish to see what different hedge budget are protecting ENPH? Talk over with HoldingsChannel.com to get the most recent 13F filings and insider trades for Enphase Power, Inc. (NASDAQ:ENPH – Unfastened Document).

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