Achmea Investment Management B.V. Has $1.64 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Achmea Investment Management B.V. cut its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,941 shares of the semiconductor company’s stock after selling 13,868 shares during the period. Achmea Investment Management B.V.’s holdings in Enphase Energy were worth $1,644,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after purchasing an additional 16,234 shares during the period. Erste Asset Management GmbH acquired a new stake in Enphase Energy in the third quarter worth $37,475,000. Mizuho Securities USA LLC raised its holdings in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares during the period. Impax Asset Management Group plc raised its holdings in Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after purchasing an additional 31,008 shares during the period. Finally, Swedbank AB raised its holdings in shares of 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 during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 0.2 %

Shares of ENPH opened at $58.13 on Friday. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The firm has a market cap of $7.70 billion, a P/E ratio of 78.56 and a beta of 2.12. The firm’s 50-day simple moving average is $63.68 and its 200 day simple moving average is $80.08. 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%. On average, analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of research analyst reports. Craig Hallum dropped their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. 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. Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Redburn Atlantic started coverage on shares of Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Finally, Oppenheimer raised their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.42.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s 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 $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is 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.