Artisan Partners Limited Partnership Takes $15.86 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Artisan Partners Limited Partnership bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 230,877 shares of the semiconductor company's stock, valued at approximately $15,857,000. Artisan Partners Limited Partnership owned 0.17% of Enphase Energy at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ENPH. Vanguard Group Inc. increased its position in Enphase Energy by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock valued at $1,135,707,000 after acquiring an additional 44,782 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares in the last quarter. Geode Capital Management LLC boosted its stake in Enphase Energy by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock valued at $381,030,000 after buying an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Enphase Energy by 6.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock valued at $265,609,000 after purchasing an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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Enphase Energy Stock Performance

NASDAQ ENPH traded up $0.80 during mid-day trading on Wednesday, reaching $63.19. 633,307 shares of the stock were exchanged, compared to its average volume of 3,946,152. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The business's 50 day moving average is $62.20 and its 200-day moving average is $74.79. The company has a market capitalization of $8.37 billion, a P/E ratio of 85.30 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ENPH shares. Morgan Stanley dropped their target price on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets decreased their target price on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Barclays lowered their price target on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Guggenheim raised Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price for the company in a research report on Friday, January 31st. Finally, Susquehanna decreased their price objective on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $90.36.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.