Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Vestcor Inc

Vestcor Inc raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 158.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,109 shares of the semiconductor company's stock after acquiring an additional 4,357 shares during the period. Vestcor Inc's holdings in Enphase Energy were worth $488,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ENPH. Charles Schwab Investment Management Inc. increased its position in shares of Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock valued at $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Enphase Energy in the 3rd quarter worth about $37,475,000. Swedbank AB grew its holdings in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in Enphase Energy by 72.7% during the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock valued at $1,305,000 after buying an additional 8,000 shares in the last quarter. Finally, 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 in the last quarter. 72.12% of the stock is currently owned by institutional investors.

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Enphase Energy Trading Down 1.0 %

Shares of Enphase Energy stock traded down $0.62 on Thursday, reaching $61.69. The company had a trading volume of 2,073,181 shares, compared to its average volume of 3,914,564. The firm's 50-day moving average price is $62.86 and its two-hundred day moving average price is $78.09. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. 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 firm has a market cap of $8.17 billion, a price-to-earnings ratio of 83.37 and a beta of 2.12.

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 (EPS) 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%. As a group, research analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mandy Yang sold 1,319 shares of the business'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 approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ENPH shares. 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. Barclays reduced their target price on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Craig Hallum reduced their target price on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price target on Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $90.42.

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.