Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 59,390 shares of the semiconductor company's stock after selling 13,390 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Enphase Energy were worth $4,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ENPH. Wilmington Savings Fund Society FSB purchased a new position in shares of Enphase Energy during the third quarter valued at approximately $239,000. Tidal Investments LLC grew its stake in shares of Enphase Energy by 121.4% during the 3rd quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company's stock valued at $13,893,000 after purchasing an additional 67,411 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $292,000. GAMMA Investing LLC increased its position in shares of Enphase Energy by 131.9% during the 4th quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company's stock valued at $339,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Enphase Energy in the 4th quarter worth approximately $470,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction 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 $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on 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 position. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ENPH. Morgan Stanley downgraded shares of Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price target on the stock. in a research report on Wednesday. Mizuho decreased their price objective on Enphase Energy from $81.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $54.00 price target (down from $59.00) on shares of Enphase Energy in a report on Wednesday. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Enphase Energy currently has an average rating of "Hold" and a consensus price target of $70.54.

Enphase Energy Trading Up 2.4 %

ENPH traded up $1.08 during trading hours on Friday, reaching $46.83. 4,620,419 shares of the company's stock traded hands, compared to its average volume of 4,051,753. The firm has a 50-day moving average price of $58.22 and a 200 day moving average price of $67.68. The firm has a market capitalization of $6.20 billion, a PE ratio of 63.28 and a beta of 1.94. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $44.69 and a 52-week high of $141.63.

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