Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,888 shares of the semiconductor company’s stock after selling 262 shares during the quarter. Handelsbanken Fonder AB’s holdings in Enphase Energy were worth $8,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in shares of Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after purchasing an additional 4,078,723 shares during the period. Northern Trust Corp lifted its stake in shares of Enphase Energy by 7.1% in the 3rd quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock valued at $163,479,000 after purchasing an additional 90,438 shares during the period. Schroder Investment Management Group lifted its stake in shares of Enphase Energy by 3.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after purchasing an additional 35,681 shares during the period. Legal & General Group Plc lifted its stake in shares of Enphase Energy by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 1,087,689 shares of the semiconductor company’s stock valued at $130,686,000 after purchasing an additional 14,613 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Enphase Energy by 158.8% in the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after purchasing an additional 501,385 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Insiders sold 34,285 shares of company stock worth $4,054,428 in the last 90 days. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENPH. TD Cowen boosted their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays upped their price objective on shares of Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Wells Fargo & Company reduced their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday. Roth Mkm restated a “buy” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday. Finally, Canaccord Genuity Group started coverage on shares of Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $141.00.

Enphase Energy Trading Down 5.6 %

NASDAQ:ENPH opened at $107.17 on Thursday. The company has a market capitalization of $14.57 billion, a PE ratio of 55.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $228.36. The stock has a fifty day simple moving average of $119.28 and a 200-day simple moving average of $111.97.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.34%. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

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.