Blueshift Asset Management LLC Purchases New Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Blueshift Asset Management LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,708 shares of the semiconductor company's stock, valued at approximately $392,000.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock valued at $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH bought a new position in Enphase Energy in the third quarter valued at about $37,475,000. Swedbank AB raised its stake in Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Enphase Energy by 72.7% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock worth $1,305,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake 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 purchasing an additional 1,258,778 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, 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 completion of the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Stock Up 1.0 %

Shares of NASDAQ ENPH traded up $0.61 during midday trading on Tuesday, hitting $62.77. 2,320,112 shares of the stock traded hands, compared to its average volume of 3,921,736. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The business has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $76.71. The company has a market cap of $8.32 billion, a PE ratio of 84.83 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

ENPH has been the subject of several research reports. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Glj Research reaffirmed a "sell" rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Truist Financial reaffirmed a "hold" rating and issued a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Craig Hallum cut their target price on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $90.42.

About Enphase Energy

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.