Edgestream Partners L.P. Buys 57,088 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Edgestream Partners L.P. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 301.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 76,009 shares of the semiconductor company's stock after buying an additional 57,088 shares during the period. Edgestream Partners L.P. owned approximately 0.06% of Enphase Energy worth $5,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. E Fund Management Co. Ltd. raised its holdings in shares of Enphase Energy by 50.1% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,925 shares of the semiconductor company's stock valued at $201,000 after buying an additional 976 shares during the period. Candriam S.C.A. raised its stake in shares of Enphase Energy by 247.0% during the fourth quarter. Candriam S.C.A. now owns 68,712 shares of the semiconductor company's stock valued at $4,719,000 after purchasing an additional 48,910 shares during the period. Inceptionr LLC boosted its stake in shares of Enphase Energy by 69.2% in the fourth quarter. Inceptionr LLC now owns 6,553 shares of the semiconductor company's stock valued at $450,000 after purchasing an additional 2,679 shares during the period. Arizona State Retirement System grew its holdings in Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company's stock valued at $2,700,000 after purchasing an additional 336 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Enphase Energy during the 4th quarter worth $1,528,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have recently weighed in on ENPH. Susquehanna dropped their target price on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered their price objective on Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Citigroup upped their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price objective on the stock in a research report on Friday, January 31st. Finally, Barclays decreased their target price on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $90.42.

Enphase Energy Stock Down 3.9 %

Shares of ENPH stock traded down $2.35 on Wednesday, reaching $58.48. 3,633,378 shares of the company's stock traded hands, compared to its average volume of 4,387,162. The company has a market capitalization of $7.75 billion, a P/E ratio of 79.03 and a beta of 2.12. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. 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 price is $64.15 and its two-hundred day moving average price is $80.39.

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, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $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 is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were 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. This 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 company insiders.

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.