1,000 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,000 shares of the semiconductor company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pathstone Holdings LLC raised its holdings in shares of Enphase Energy by 10.3% during the third quarter. Pathstone Holdings LLC now owns 12,405 shares of the semiconductor company’s stock valued at $1,402,000 after acquiring an additional 1,162 shares in the last quarter. Cerity Partners LLC raised its holdings in Enphase Energy by 102.6% in the 3rd quarter. Cerity Partners LLC now owns 10,988 shares of the semiconductor company’s stock worth $1,242,000 after purchasing an additional 5,565 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Enphase Energy by 20.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 30,002 shares of the semiconductor company’s stock worth $3,390,000 after purchasing an additional 5,029 shares in the last quarter. FMR LLC lifted its position in shares of Enphase Energy by 5.7% in the 3rd quarter. FMR LLC now owns 1,036,699 shares of the semiconductor company’s stock worth $117,168,000 after purchasing an additional 56,136 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ENPH. Canaccord Genuity Group upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. Morgan Stanley lowered their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Citigroup cut Enphase Energy from a “neutral” rating to a “negative” rating in a research note on Wednesday. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Finally, TD Cowen reduced their target price on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $90.36.

Enphase Energy Stock Performance

ENPH stock opened at $60.71 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a market cap of $8.04 billion, a P/E ratio of 82.04 and a beta of 2.12. The stock’s fifty day moving average price is $62.28 and its 200-day moving average price is $76.16.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of Enphase Energy 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 transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s 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 sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Company Profile

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.