BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,390 shares of the semiconductor company's stock after selling 13,390 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Enphase Energy were worth $4,079,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased 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 in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Enphase Energy during the 4th quarter worth about $47,000. GeoWealth Management LLC increased its stake in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in Enphase Energy during the 4th quarter worth $69,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 762 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's 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 completion of the sale, the director now directly owns 1,881,760 shares in the company, 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. 3.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ENPH shares. The Goldman Sachs Group dropped their price objective on shares of Enphase Energy from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Wednesday. Canaccord Genuity Group decreased their target price on shares of Enphase Energy from $70.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday. Oppenheimer set a $84.00 price objective on Enphase Energy and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial dropped their price objective on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, Citigroup reaffirmed a "sell" rating and issued a $47.00 price objective on shares of Enphase Energy in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $70.54.

Enphase Energy Trading Up 2.4 %

Shares of Enphase Energy stock traded up $1.08 on Friday, hitting $46.83. The stock had a trading volume of 4,625,125 shares, compared to its average volume of 4,038,068. The stock has a 50 day moving average of $57.84 and a 200 day moving average of $67.29. The firm has a market capitalization of $6.20 billion, a P/E ratio of 63.28 and a beta of 1.94. Enphase Energy, Inc. has a twelve month low of $44.83 and a twelve 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.

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 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 expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal 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.