Commonwealth Equity Services LLC Sells 19,738 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Commonwealth Equity Services LLC decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,003 shares of the semiconductor company's stock after selling 19,738 shares during the quarter. Commonwealth Equity Services LLC's holdings in Enphase Energy were worth $4,533,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ENPH. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after buying an additional 279 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at $34,000. Quarry LP bought a new stake in shares of Enphase Energy in the 3rd quarter worth about $37,000. Brooklyn Investment Group acquired a new stake in shares of Enphase Energy during the 3rd quarter worth about $55,000. Finally, Venturi Wealth Management LLC lifted its holdings in Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 509 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 1,881,760 shares in the company, valued at $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. Company insiders own 3.40% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENPH. The Goldman Sachs Group decreased their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Susquehanna decreased their price target on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Oppenheimer raised their price target on Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Finally, Craig Hallum dropped their target price on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $90.42.

Enphase Energy Stock Down 4.2 %

NASDAQ ENPH traded down $2.62 during trading hours on Wednesday, hitting $60.15. 2,449,332 shares of the company traded hands, compared to its average volume of 3,918,748. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 81.28 and a beta of 2.12. 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 $62.34 and its 200-day moving average is $76.27.

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