Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 14.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,444 shares of the semiconductor company's stock after selling 10,378 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Enphase Energy were worth $4,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. Stone House Investment Management LLC bought a new position in Enphase Energy in the 3rd quarter worth $34,000. Quarry LP bought a new stake in Enphase Energy during the third quarter valued at about $37,000. Venturi Wealth Management LLC raised its holdings in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 509 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Enphase Energy during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded down $0.62 during midday trading on Thursday, hitting $61.69. The stock had a trading volume of 2,073,181 shares, compared to its average volume of 3,914,564. The company has a market capitalization of $8.17 billion, a PE ratio of 83.37 and a beta of 2.12. The stock has a 50 day moving average price of $62.86 and a two-hundred day moving average price of $78.09. 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.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on ENPH shares. Oppenheimer lifted their price target on Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Glj Research reiterated a "sell" rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Susquehanna reduced their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Enphase Energy from $83.00 to $77.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Craig Hallum lowered their price target on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $90.42.

Insider Buying and Selling

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

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.