Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Raised by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 1,097.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,874 shares of the semiconductor company's stock after purchasing an additional 189,603 shares during the quarter. Phoenix Financial Ltd. owned approximately 0.15% of Enphase Energy worth $14,208,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ENPH. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake 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 worth $1,305,000 after buying an additional 8,000 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enphase Energy in the 4th quarter worth about $5,324,000. Norges Bank bought a new stake in Enphase Energy in the 4th quarter valued at about $46,339,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Enphase Energy in the 4th quarter worth about $584,000. Institutional investors own 72.12% of the company's stock.

Analysts Set New Price Targets

ENPH has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their price target 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. Jefferies Financial Group decreased their target price on shares of Enphase Energy from $54.00 to $44.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Canaccord Genuity Group upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Finally, Craig Hallum decreased their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and an average target price of $89.79.

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Enphase Energy Stock Performance

ENPH opened at $54.13 on Thursday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock's 50 day moving average price is $61.03 and its two-hundred day moving average price is $71.96. The firm has a market capitalization of $7.17 billion, a P/E ratio of 73.15 and a beta of 1.94. Enphase Energy, Inc. has a 12-month low of $47.48 and a 12-month high of $141.63.

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 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 Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the firm'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 owns 78,524 shares in the company, 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 company'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 of the company's stock, valued at approximately $115,276,617.60. This trade 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 insiders.

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.

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