Banco Bilbao Vizcaya Argentaria S.A. Buys 9,451 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 38.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,313 shares of the semiconductor company's stock after purchasing an additional 9,451 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Enphase Energy were worth $2,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ENPH. Vanguard Group Inc. increased its holdings in Enphase Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock worth $1,135,707,000 after acquiring an additional 44,782 shares in the last quarter. Baillie Gifford & Co. increased its stake 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 purchasing an additional 2,028,691 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Enphase Energy by 43.4% during the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after buying an additional 1,378,978 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Enphase Energy by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company's stock worth $234,994,000 after buying an additional 47,593 shares during the period. Finally, Nordea Investment Management AB increased its stake in 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 worth $155,360,000 after buying an additional 1,258,778 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

Insider Activity at Enphase Energy

In other Enphase Energy 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 value of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the 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 directly owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several research analyst reports. Piper Sandler lowered their price objective on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price target on Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. Jefferies Financial Group cut their price objective on shares of Enphase Energy from $44.00 to $37.00 and set an "underperform" rating for the company in a report on Wednesday. Oppenheimer set a $84.00 target price on shares of Enphase Energy and gave the stock an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $70.54.

Enphase Energy Stock Performance

ENPH stock opened at $46.83 on Friday. Enphase Energy, Inc. has a twelve month low of $44.83 and a twelve month high of $141.63. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. The business's fifty day simple moving average is $57.84 and its two-hundred day simple moving average is $67.02. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. Analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.

Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy, Inc. (NASDAQ:ENPH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.