Mirova US LLC Has $39.07 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Mirova US LLC trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 568,829 shares of the semiconductor company's stock after selling 16,659 shares during the period. Mirova US LLC owned 0.42% of Enphase Energy worth $39,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Cibc World Markets Corp grew its stake in shares of Enphase Energy by 15.6% in the fourth quarter. Cibc World Markets Corp now owns 21,304 shares of the semiconductor company's stock worth $1,463,000 after purchasing an additional 2,869 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Enphase Energy by 116.9% in the 4th quarter. Natixis Advisors LLC now owns 24,421 shares of the semiconductor company's stock worth $1,677,000 after purchasing an additional 13,160 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Enphase Energy in the 4th quarter worth $1,571,000. Vestcor Inc boosted its holdings in shares of Enphase Energy by 158.3% during the 4th quarter. Vestcor Inc now owns 7,109 shares of the semiconductor company's stock valued at $488,000 after purchasing an additional 4,357 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enphase Energy during the 4th quarter valued at about $5,324,000. 72.12% of the stock is owned by institutional investors.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

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Enphase Energy Stock Down 0.2 %

Shares of NASDAQ:ENPH traded down $0.15 during midday trading on Friday, hitting $61.54. 5,258,699 shares of the company's stock traded hands, compared to its average volume of 3,922,204. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a market cap of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. The firm's fifty day moving average price is $62.60 and its two-hundred day moving average price is $77.56. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63.

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 for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENPH. JPMorgan Chase & Co. lowered their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Guggenheim raised shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price on the stock in a research note on Friday, January 31st. Royal Bank of Canada lowered their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating on the stock in a research report on Friday, November 22nd. Piper Sandler lowered their price objective on shares of Enphase Energy from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $90.42.

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.