Lbp Am Sa Has $7.98 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

LBP AM SA decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 46.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,111 shares of the semiconductor company's stock after selling 100,317 shares during the quarter. LBP AM SA owned about 0.09% of Enphase Energy worth $7,975,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its holdings in Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after acquiring an additional 2,028,691 shares in the last quarter. Swedbank AB raised its holdings in Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Geode Capital Management LLC raised its holdings in Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock valued at $381,030,000 after acquiring an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock valued at $265,609,000 after acquiring an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in 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 acquiring an additional 1,258,778 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

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Insider Transactions at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm'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 sale, 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. 3.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ENPH has been the subject of several recent research reports. Piper Sandler cut their price target on Enphase Energy from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada dropped their target price on Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a report on Friday, November 22nd. Craig Hallum dropped 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. Guggenheim raised Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $90.42.

Enphase Energy Trading Up 1.5 %

Shares of NASDAQ:ENPH traded up $0.93 during midday trading on Wednesday, hitting $62.31. The company had a trading volume of 3,050,993 shares, compared to its average volume of 3,915,933. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 84.20 and a beta of 2.12. The firm has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $78.20.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

About Enphase Energy

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.