Erste Asset Management GmbH Has $22.58 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Erste Asset Management GmbH lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,182 shares of the semiconductor company's stock after selling 12,775 shares during the quarter. Erste Asset Management GmbH owned 0.23% of Enphase Energy worth $22,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. grew its position in shares of Enphase Energy by 32.0% during the fourth 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 in the last quarter. 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 worth $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock valued at $50,737,000 after purchasing an additional 438,424 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at about $48,442,000. Finally, Montrusco Bolton Investments Inc. lifted its position in shares of Enphase Energy by 93.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company's stock worth $99,295,000 after purchasing an additional 424,327 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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Enphase Energy Price Performance

NASDAQ ENPH traded up $5.67 on Monday, reaching $63.80. 4,523,325 shares of the stock traded hands, compared to its average volume of 3,921,990. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 86.22 and a beta of 2.12. The firm's fifty day simple moving average is $63.40 and its 200 day simple moving average is $79.02. 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 released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). 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 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction 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 $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The shares were 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 owns 78,524 shares of the company's stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ENPH shares. Oppenheimer upped their price objective on Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Morgan Stanley dropped their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group upgraded Enphase Energy from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Craig Hallum lowered their target price on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price target on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Enphase Energy has an average rating of "Hold" and an average price target 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.