Zurcher Kantonalbank Zurich Cantonalbank Buys 3,911 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,526 shares of the semiconductor company’s stock after acquiring an additional 3,911 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enphase Energy were worth $3,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after acquiring an additional 2,028,691 shares in the last quarter. Swedbank AB raised its holdings in Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Geode Capital Management LLC raised its holdings in Enphase Energy by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after acquiring an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enphase Energy by 6.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock worth $265,609,000 after acquiring an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ENPH shares. The Goldman Sachs Group dropped their price objective on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price objective on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada dropped their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. dropped their price objective on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Redburn Atlantic started coverage on Enphase Energy in a research note on Monday, March 3rd. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Trading Up 0.2 %

Shares of ENPH stock opened at $58.13 on Friday. The stock’s fifty day moving average price is $63.40 and its two-hundred day moving average price is $79.34. The company has a market cap of $7.70 billion, a PE ratio of 78.56 and a beta of 2.12. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. 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 announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate 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.