Jump Financial LLC Has $12.34 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Jump Financial LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 983.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,695 shares of the semiconductor company's stock after purchasing an additional 163,116 shares during the quarter. Jump Financial LLC owned approximately 0.13% of Enphase Energy worth $12,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares during the period. Invesco Ltd. raised its position in shares of Enphase Energy by 43.4% during the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after acquiring an additional 1,378,978 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Enphase Energy by 131.6% in 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 purchasing an additional 1,258,778 shares during the period. Norges Bank bought a new position in shares of Enphase Energy in the 4th quarter worth $46,339,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Enphase Energy by 372.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company's stock worth $31,830,000 after purchasing an additional 365,356 shares during the period. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 1.5 %

Shares of NASDAQ ENPH traded up $0.79 during trading hours on Friday, hitting $52.54. The company had a trading volume of 3,144,064 shares, compared to its average volume of 3,986,339. The stock has a market capitalization of $6.96 billion, a P/E ratio of 71.00 and a beta of 1.94. Enphase Energy, Inc. has a 1-year low of $47.48 and a 1-year high of $141.63. The firm's 50 day moving average is $59.33 and its 200-day moving average is $69.01. 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 (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENPH. Morgan Stanley reduced their target price on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Craig Hallum reduced their price target on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average target price of $82.85.

Insider Buying and Selling

In related news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 1,881,760 shares in the company, valued at $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 owned by insiders.

Enphase Energy 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.