Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,817 shares of the semiconductor company's stock after selling 96,299 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Enphase Energy worth $10,770,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ENPH. Baillie Gifford & Co. boosted its stake in Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after buying an additional 1,258,778 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock worth $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Enphase Energy in the 3rd quarter worth approximately $48,442,000. Finally, Montrusco Bolton Investments Inc. lifted its stake in shares of Enphase Energy by 93.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company's stock valued at $99,295,000 after purchasing an additional 424,327 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Up 8.9 %

Shares of Enphase Energy stock traded up $4.68 during trading hours on Tuesday, reaching $57.55. The stock had a trading volume of 4,966,817 shares, compared to its average volume of 4,333,743. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 78.00 and a beta of 1.68. The firm has a 50 day simple moving average of $65.55 and a two-hundred day simple moving average of $82.85.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ENPH shares. Northland Securities cut their target price on shares of Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 19th. Bank of America lowered their price objective on Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Canaccord Genuity Group upgraded Enphase Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price objective on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $90.42.

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.