DnB Asset Management AS Acquires 6,180 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

DnB Asset Management AS boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,031 shares of the semiconductor company's stock after purchasing an additional 6,180 shares during the period. DnB Asset Management AS owned about 0.38% of Enphase Energy worth $35,166,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Enphase Energy by 0.3% during the fourth 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 during the last quarter. Baillie Gifford & Co. raised its holdings in Enphase Energy by 32.0% during the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock worth $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Enphase Energy by 6.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock worth $265,609,000 after buying an additional 142,491 shares during the period. Finally, Nordea Investment Management AB raised its stake in Enphase Energy by 131.6% during the fourth 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 during the last quarter. 72.12% of the stock is owned by institutional investors.

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Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction 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 represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The stock was 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 directly owns 1,881,760 shares of the company's stock, 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. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of recent analyst reports. Barclays dropped their price objective 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. Piper Sandler cut their price target on Enphase Energy from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Truist Financial reiterated 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. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Finally, Citigroup downgraded shares of Enphase Energy from a "neutral" rating to a "negative" rating in a research note on Wednesday, March 26th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $90.36.

Enphase Energy Trading Up 0.2 %

Shares of Enphase Energy stock traded up $0.11 on Tuesday, hitting $62.16. The stock had a trading volume of 1,397,548 shares, compared to its average volume of 3,945,562. The stock's 50-day simple moving average is $62.21 and its two-hundred day simple moving average is $75.12. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 83.74 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS 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.