Enphase Energy, Inc. (NASDAQ:ENPH) Stock Position Lowered by Altshuler Shaham Ltd

Altshuler Shaham Ltd lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 25.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,971 shares of the semiconductor company’s stock after selling 1,723 shares during the quarter. Altshuler Shaham Ltd’s holdings in Enphase Energy were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENPH. Bogart Wealth LLC acquired a new stake in shares of Enphase Energy during the fourth quarter worth $26,000. CVA Family Office LLC acquired a new stake in shares of Enphase Energy during the fourth quarter worth $31,000. Parkside Financial Bank & Trust raised its position in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the period. Covestor Ltd raised its position in Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the period. Finally, Addison Advisors LLC raised its position in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 1.1 %

Enphase Energy stock traded down $1.23 during mid-day trading on Thursday, hitting $111.13. 3,724,879 shares of the company’s stock were exchanged, compared to its average volume of 4,173,165. The firm has a market capitalization of $15.12 billion, a P/E ratio of 58.52, a PEG ratio of 4.08 and a beta of 1.50. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company’s 50 day simple moving average is $115.88 and its 200-day simple moving average is $111.18.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. On average, equities analysts anticipate that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

ENPH has been the topic of a number of recent research reports. Roth Mkm restated a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, April 24th. Morgan Stanley upped their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Craig Hallum decreased their price target on Enphase Energy from $159.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. Finally, DZ Bank initiated coverage on Enphase Energy in a research note on Wednesday, April 17th. They set a “hold” rating and a $116.00 target price for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $133.45.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now owns 118,360 shares of the company’s stock, valued at approximately $12,391,108.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders have sold 54,285 shares of company stock valued at $6,148,228 in the last 90 days. 3.40% of the stock is currently owned by company 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.