By otakuyassine3@gmail.com 
LPL Financial LLC decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 40.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 53,277 shares of the semiconductor company’s stock after selling 35,530 shares during the period. LPL Financial LLC’s holdings in Enphase Energy were worth $3,659,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENPH. Inspire Investing LLC boosted its stake in shares of Enphase Energy by 2.0% during the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock worth $1,098,000 after buying an additional 318 shares during the last quarter. Quarry LP bought a new stake in Enphase Energy during the third quarter worth about $37,000. Arizona State Retirement System boosted its position in Enphase Energy by 0.9% during the fourth quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company’s stock valued at $2,700,000 after purchasing an additional 336 shares during the last quarter. Hollencrest Capital Management grew its stake in Enphase Energy by 17.3% in the fourth quarter. Hollencrest Capital Management now owns 3,385 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ENPH has been the subject of several analyst reports. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a “neutral” rating for the company. Susquehanna lowered their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Oppenheimer raised their price objective on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $89.79.
Read Our Latest Analysis on Enphase Energy
Insider Transactions at Enphase Energy
In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the 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 directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 directly owns 78,524 shares in the company, valued at $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. Company insiders own 3.40% of the company’s stock.
Enphase Energy Stock Performance
NASDAQ:ENPH opened at $49.56 on Friday. Enphase Energy, Inc. has a twelve month low of $47.48 and a twelve month high of $141.63. 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 stock’s 50-day simple moving average is $60.74 and its 200 day simple moving average is $71.50. The firm has a market capitalization of $6.57 billion, a PE ratio of 66.97 and a beta of 1.94.
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 (EPS) 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%. On average, analysts anticipate 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.
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