Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 25.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,138 shares of the semiconductor company's stock after selling 3,178 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Enphase Energy were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Donoghue Forlines LLC boosted its holdings in Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company's stock worth $258,000 after buying an additional 90 shares during the last quarter. Fermata Advisors LLC lifted its stake in shares of Enphase Energy by 1.4% in the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company's stock worth $855,000 after buying an additional 100 shares in the last quarter. Hollencrest Capital Management boosted its position in Enphase Energy by 3.3% during the first quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company's stock worth $374,000 after acquiring an additional 100 shares during the last quarter. VitalStone Financial LLC grew its position in shares of Enphase Energy by 14.3% in the fourth quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 111 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Enphase Energy by 6.9% in the 1st quarter. Caprock Group LLC now owns 1,751 shares of the semiconductor company's stock valued at $212,000 after buying an additional 113 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ENPH. BNP Paribas raised Enphase Energy from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $120.00 to $144.00 in a research note on Wednesday, August 7th. HSBC upgraded shares of Enphase Energy from a "hold" rating to a "buy" rating and set a $166.00 target price for the company in a report on Monday, June 10th. BMO Capital Markets raised their price target on Enphase Energy from $110.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, July 24th. Glj Research assumed coverage on Enphase Energy in a report on Tuesday, June 25th. They issued a "sell" rating and a $45.82 price target for the company. Finally, Susquehanna lifted their price target on Enphase Energy from $140.00 to $147.00 and gave the stock a "positive" rating in a research note on Monday, July 15th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Enphase Energy has an average rating of "Hold" and an average target price of $128.76.

Insiders Place Their Bets

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the sale, the executive vice president now directly owns 107,943 shares of the company's stock, valued at approximately $13,306,133.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the company's stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the transaction, the executive vice president now directly owns 107,943 shares in the company, valued at $13,306,133.61. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Enphase Energy Price Performance

ENPH traded up $7.51 on Friday, reaching $123.00. The company had a trading volume of 2,729,010 shares, compared to its average volume of 3,996,939. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The business has a 50 day simple moving average of $109.59 and a 200 day simple moving average of $116.00. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 64.06, a P/E/G ratio of 5.59 and a beta of 1.71.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The company had revenue of $303.80 million for the quarter, compared to analysts' expectations of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm's quarterly revenue was down 57.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 1.24 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.