Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,500 shares of the semiconductor company's stock after selling 21,300 shares during the quarter. Swiss National Bank owned about 0.28% of Enphase Energy worth $26,270,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted 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 worth $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Enphase Energy during the third quarter valued at $37,475,000. Swedbank AB lifted its holdings in 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 acquiring an additional 11,890 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Enphase Energy by 72.7% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock worth $1,305,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. 72.12% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $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. Corporate insiders own 3.40% of the company's stock.

Enphase Energy Stock Down 0.2 %

NASDAQ:ENPH traded down $0.15 during midday trading on Friday, reaching $61.54. 5,258,531 shares of the stock traded hands, compared to its average volume of 3,921,509. The stock has a market capitalization of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. Enphase Energy, Inc. has a 12-month low of $51.63 and a 12-month high of $141.63. 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 business has a 50-day moving average of $62.70 and a two-hundred day moving average of $77.97.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ENPH shares. Craig Hallum decreased their target price on Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Citigroup raised their price objective on Enphase Energy from $71.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a "neutral" rating for the company. 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 report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned 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 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.