Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 62.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,284 shares of the semiconductor company's stock after selling 18,995 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Enphase Energy were worth $775,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in Enphase Energy by 318.1% in 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 during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Enphase Energy during the fourth quarter worth about $47,000. GeoWealth Management LLC increased its position in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 321 shares during the period. Sava Infond d.o.o. acquired a new stake in Enphase Energy during the 4th quarter worth approximately $69,000. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ENPH shares. Piper Sandler lowered their price objective on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a report on Wednesday. Craig Hallum dropped their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Susquehanna lowered their price target on shares of Enphase Energy from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Guggenheim reiterated a "sell" rating and issued a $33.00 price objective on shares of Enphase Energy in a research note on Wednesday. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and a consensus price target of $70.54.

Insider Activity at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the business's 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 directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of 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. 3.10% of the stock is owned by insiders.

Enphase Energy Trading Up 2.4 %

ENPH traded up $1.08 during trading on Friday, hitting $46.83. The company's stock had a trading volume of 4,625,125 shares, compared to its average volume of 4,030,883. Enphase Energy, Inc. has a twelve month low of $44.83 and a twelve month high of $141.63. The firm's 50 day moving average price is $57.84 and its 200-day moving average price is $67.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The stock has a market cap of $6.14 billion, a PE ratio of 63.28 and a beta of 1.94.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate 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, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share 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.