Leibman Financial Services Inc. Trims Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Leibman Financial Services Inc. lowered its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,808 shares of the semiconductor company’s stock after selling 428 shares during the quarter. Leibman Financial Services Inc.’s holdings in Enphase Energy were worth $2,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Donoghue Forlines LLC raised its holdings in shares of Enphase Energy by 4.8% during the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 90 shares in the last quarter. Fulton Breakefield Broenniman LLC raised its holdings in Enphase Energy by 0.9% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after buying an additional 107 shares during the period. VitalStone Financial LLC raised its holdings in Enphase Energy by 14.3% during the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 111 shares during the period. Covestor Ltd raised its holdings in Enphase Energy by 61.6% during the 3rd 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, Intact Investment Management Inc. raised its holdings in Enphase Energy by 6.5% during the 3rd quarter. Intact Investment Management Inc. now owns 2,450 shares of the semiconductor company’s stock valued at $294,000 after buying an additional 150 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Down 1.5 %

ENPH stock traded down $1.82 during trading on Wednesday, reaching $119.01. 2,673,111 shares of the company traded hands, compared to its average volume of 3,697,695. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $192.22. The business has a 50 day simple moving average of $118.19 and a 200 day simple moving average of $118.05. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 61.98, a price-to-earnings-growth ratio of 4.65 and a beta of 1.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPHGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, equities research analysts anticipate that Enphase Energy, Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the transaction, the executive vice president now directly owns 119,948 shares in the company, valued at $13,948,752.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the sale, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandy Yang acquired 4,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 349,526 shares of company stock worth $43,721,225. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on ENPH shares. JPMorgan Chase & Co. decreased their price target on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. DZ Bank started coverage on Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target on the stock. Roth Mkm restated a “buy” rating and set a $140.00 price target on shares of Enphase Energy in a report on Wednesday, April 24th. Wells Fargo & Company reduced their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Finally, BMO Capital Markets reduced their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $136.68.

View Our Latest Stock Report on Enphase Energy

Enphase Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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