Clearbridge Investments LLC Trims Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Clearbridge Investments LLC cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 153,073 shares of the semiconductor company's stock after selling 25,227 shares during the period. Clearbridge Investments LLC owned about 0.11% of Enphase Energy worth $10,513,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter worth about $37,000. Venturi Wealth Management LLC increased its stake in Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares in the last quarter. Sava Infond d.o.o. acquired a new position in shares of Enphase Energy during the fourth quarter valued at approximately $69,000. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Enphase Energy in the fourth quarter worth approximately $96,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Enphase Energy Stock Down 2.6 %

ENPH traded down $1.51 during trading hours on Monday, hitting $55.76. 4,118,132 shares of the company's stock were exchanged, compared to its average volume of 3,951,478. The firm has a market cap of $7.39 billion, a P/E ratio of 75.35 and a beta of 1.94. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. 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 50 day moving average of $61.83 and a 200 day moving average of $73.15.

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

Analysts Set New Price Targets

ENPH has been the topic of a number of research reports. Redburn Atlantic began coverage on Enphase Energy in a report on Monday, March 3rd. They issued a "neutral" rating on the stock. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Morgan Stanley dropped their price objective on shares of 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. Citigroup lowered shares of Enphase Energy from a "neutral" rating to a "negative" rating in a research note on Wednesday, March 26th. Finally, Barclays dropped their price target on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy has an average rating of "Hold" and an average price target of $89.79.

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.