Dynamic Technology Lab Private Ltd Makes New Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,940 shares of the semiconductor company's stock, valued at approximately $477,000.

Other institutional investors have also modified their holdings of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Enphase Energy by 72.7% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock valued at $1,305,000 after purchasing an additional 8,000 shares during the period. Nordea Investment Management AB grew its holdings in Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after buying an additional 1,258,778 shares during the last quarter. Norges Bank acquired a new stake in shares of Enphase Energy during the fourth quarter valued at $46,339,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enphase Energy in the 4th quarter valued at about $5,324,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $584,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insiders Place Their Bets

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the company's 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 owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on ENPH. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Enphase Energy from $77.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Jefferies Financial Group dropped their price objective on shares of Enphase Energy from $54.00 to $44.00 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price for the company in a research note on Friday, January 31st. Finally, BMO Capital Markets lowered their price target on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.06.

Enphase Energy Price Performance

Enphase Energy stock traded up $2.27 during midday trading on Monday, hitting $54.16. 510,346 shares of the company's stock were exchanged, compared to its average volume of 3,977,264. The stock has a 50-day moving average price of $60.46 and a two-hundred day moving average price of $70.77. Enphase Energy, Inc. has a 52-week low of $47.48 and a 52-week high of $141.63. The company has a market cap of $7.17 billion, a P/E ratio of 73.19 and a beta of 1.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.