Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,200 shares of the semiconductor company’s stock after selling 1,400 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Enphase Energy worth $8,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC boosted its stake in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy in the fourth quarter valued at $47,000. GeoWealth Management LLC boosted its stake in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 321 shares in the last quarter. Sava Infond d.o.o. acquired a new position in Enphase Energy in the fourth quarter valued at $69,000. Finally, Avior Wealth Management LLC boosted its stake in Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 0.8 %

Shares of NASDAQ ENPH opened at $46.47 on Tuesday. Enphase Energy, Inc. has a 1 year low of $44.83 and a 1 year high of $141.63. The firm’s 50 day moving average price is $57.44 and its 200 day moving average price is $66.42. The firm has a market cap of $6.10 billion, a P/E ratio of 62.80 and a beta of 1.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer now owns 1,598,696 shares in the company, valued at $74,099,559.60. This represents a 0.25 % increase 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 hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ENPH. Oppenheimer set a $84.00 target price on shares of Enphase Energy and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Susquehanna reduced their target price on shares of Enphase Energy from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Jefferies Financial Group reduced their target price on shares of Enphase Energy from $44.00 to $37.00 and set an “underperform” rating for the company in a report on Wednesday, April 23rd. Craig Hallum reduced their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $70.54.

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.