Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 96.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,300 shares of the semiconductor company's stock after selling 711,060 shares during the quarter. Thrivent Financial for Lutherans' holdings in Enphase Energy were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ENPH. Gould Capital LLC boosted its position in shares of Enphase Energy by 2.1% during the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company's stock valued at $1,153,000 after acquiring an additional 212 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in shares of Enphase Energy by 6.8% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company's stock worth $513,000 after purchasing an additional 290 shares during the period. Inspire Investing LLC grew its holdings in Enphase Energy by 2.0% during the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company's stock valued at $1,098,000 after purchasing an additional 318 shares during the last quarter. Ingalls & Snyder LLC boosted its position in shares of Enphase Energy by 4.2% during the third quarter. Ingalls & Snyder LLC now owns 7,869 shares of the semiconductor company's stock valued at $889,000 after buying an additional 320 shares during the period. Finally, Quarry LP bought a new position in Enphase Energy in the 3rd quarter valued at $37,000. Institutional investors own 72.12% of the company's stock.

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Insider Buying and Selling at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ENPH shares. Oppenheimer boosted their price target on Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Glj Research reiterated a "sell" rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Guggenheim upgraded Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price target on the stock in a research note on Friday, January 31st. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Finally, Morgan Stanley cut their target price on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Enphase Energy has an average rating of "Hold" and an average target price of $90.36.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded up $0.13 during mid-day trading on Wednesday, hitting $62.52. The stock had a trading volume of 2,068,247 shares, compared to its average volume of 3,957,467. The firm has a market cap of $8.28 billion, a PE ratio of 84.49 and a beta of 2.12. 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 company has a 50 day moving average of $62.23 and a two-hundred day moving average of $74.70. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. Research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal 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.