Hartline Investment Corp Sells 23,399 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Hartline Investment Corp trimmed its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,966 shares of the semiconductor company's stock after selling 23,399 shares during the quarter. Hartline Investment Corp's holdings in Enphase Energy were worth $1,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC purchased a new position in Enphase Energy in the fourth quarter valued at about $206,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Enphase Energy by 49.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,604 shares of the semiconductor company's stock valued at $248,000 after buying an additional 1,199 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Enphase Energy during the 4th quarter valued at approximately $897,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Enphase Energy by 3,836.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 276,345 shares of the semiconductor company's stock valued at $18,979,000 after buying an additional 269,325 shares in the last quarter. Finally, Redwood Wealth Management Group LLC lifted its stake in shares of Enphase Energy by 12.9% during the 4th quarter. Redwood Wealth Management Group LLC now owns 5,067 shares of the semiconductor company's stock valued at $348,000 after buying an additional 579 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENPH. Hsbc Global Res cut shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Bank of America dropped their price target on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating on the stock in a research note on Thursday, November 7th. TD Cowen lowered their target price on shares of Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. StockNews.com upgraded shares of Enphase Energy from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Roth Mkm lowered their target price on shares of Enphase Energy from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $90.42.

Enphase Energy Trading Up 2.2 %

Shares of ENPH stock traded up $1.35 during mid-day trading on Friday, reaching $63.94. The stock had a trading volume of 2,400,613 shares, compared to its average volume of 3,852,039. The stock's 50-day moving average price is $67.61 and its two-hundred day moving average price is $86.71. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The firm has a market capitalization of $8.64 billion, a PE ratio of 86.41, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data 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 net margin of 7.72% and a return on equity of 15.62%. Equities analysts expect that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal year.

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.