Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 98.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,710 shares of the semiconductor company's stock after selling 624,978 shares during the period. American Century Companies Inc.'s holdings in Enphase Energy were worth $461,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENPH. Venturi Wealth Management LLC boosted its holdings in shares of Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 509 shares during the period. Avior Wealth Management LLC boosted its stake in Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 762 shares during the period. Rakuten Securities Inc. increased its stake in Enphase Energy by 116.4% in the fourth quarter. Rakuten Securities Inc. now owns 1,435 shares of the semiconductor company's stock valued at $99,000 after purchasing an additional 772 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Enphase Energy during the third quarter worth about $210,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Enphase Energy in the 3rd quarter valued at about $239,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENPH. Piper Sandler dropped their target price on Enphase Energy from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. TD Cowen reduced their price objective on shares of Enphase Energy from $94.00 to $78.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley cut their target price on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Barclays decreased their price target on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $88.49.

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Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. This trade represents 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 Trading Down 2.7 %

Shares of Enphase Energy stock traded down $1.48 during trading hours on Tuesday, reaching $53.07. 2,547,173 shares of the company's stock were exchanged, compared to its average volume of 3,980,694. Enphase Energy, Inc. has a 52-week low of $47.48 and a 52-week high of $141.63. The company has a fifty day moving average of $60.24 and a 200-day moving average of $70.35. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 71.72 and a beta of 1.94.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Enphase Energy Company 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.