Mariner LLC Sells 811,609 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mariner LLC trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,706 shares of the semiconductor company's stock after selling 811,609 shares during the quarter. Mariner LLC's holdings in Enphase Energy were worth $3,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENPH. Venturi Wealth Management LLC raised its stake in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the 4th quarter valued at about $47,000. Sava Infond d.o.o. bought a new stake in Enphase Energy in the fourth quarter worth approximately $69,000. Avior Wealth Management LLC lifted its stake in Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock valued at $72,000 after buying an additional 762 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $96,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 2.4 %

ENPH traded up $1.11 during trading on Friday, reaching $46.86. The stock had a trading volume of 3,642,378 shares, compared to its average volume of 4,051,633. Enphase Energy, Inc. has a one year low of $44.69 and a one year high of $141.63. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 63.20 and a beta of 1.94. 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's 50 day moving average is $58.22 and its two-hundred day moving average is $67.68.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. As a group, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ENPH. Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. Mizuho decreased their price target on shares of Enphase Energy from $81.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday. Truist Financial reduced their price objective on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating for the company in a report on Thursday. Morgan Stanley downgraded Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price target for the company. in a research note on Wednesday. Finally, Piper Sandler dropped their target price on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Enphase Energy has an average rating of "Hold" and a consensus target price of $70.54.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the director now owns 1,881,760 shares in the company, 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. 3.10% of the stock is currently owned by company 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.