Proficio Capital Partners LLC Acquires New Shares in Enphase Energy, Inc. (NASDAQ:ENPH)

Proficio Capital Partners LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,252 shares of the semiconductor company's stock, valued at approximately $1,528,000.

Several other large investors have also recently modified their holdings of ENPH. Charles Schwab Investment Management Inc. increased its holdings in Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock valued at $99,496,000 after purchasing an additional 16,234 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Enphase Energy in the 3rd quarter valued at about $37,475,000. Swedbank AB increased its stake in shares of Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Enphase Energy by 72.7% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock worth $1,305,000 after acquiring an additional 8,000 shares during the last quarter. Finally, 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 acquiring an additional 1,258,778 shares during the period. Institutional investors own 72.12% of the company's stock.

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Analyst Ratings Changes

A number of research firms have weighed in on ENPH. Piper Sandler decreased their target price on shares of Enphase Energy from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Barclays decreased their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company dropped their target price on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Guggenheim raised shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price target on the stock in a research report on Friday, January 31st. Finally, Citigroup lifted their price objective on Enphase Energy from $71.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Enphase Energy has a consensus rating of "Hold" and an average target price of $90.42.

Enphase Energy Stock Up 1.0 %

ENPH stock traded up $0.62 during trading on Monday, reaching $62.16. The stock had a trading volume of 2,126,375 shares, compared to its average volume of 3,921,762. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 84.00 and a beta of 2.12. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The company's 50 day moving average is $62.60 and its two-hundred day moving average is $77.06.

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 (EPS) for the quarter, beating 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%. Equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Activity

In other news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the company's 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 transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

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.