Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by TAP Consulting LLC

TAP Consulting LLC cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,939 shares of the semiconductor company’s stock after selling 287 shares during the quarter. TAP Consulting LLC’s holdings in Enphase Energy were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Swedbank AB lifted its position 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 buying an additional 11,890 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Enphase Energy by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 53,032 shares of the semiconductor company’s stock worth $5,994,000 after acquiring an additional 228 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of Enphase Energy in the third quarter worth approximately $227,000. Empowered Funds LLC purchased a new stake in Enphase Energy in the third quarter valued at approximately $248,000. Finally, Natixis Advisors LLC increased its position in Enphase Energy by 4.3% during the third quarter. Natixis Advisors LLC now owns 11,261 shares of the semiconductor company’s stock worth $1,273,000 after purchasing an additional 468 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Down 1.0 %

NASDAQ:ENPH opened at $61.69 on Friday. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 83.37 and a beta of 2.12. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The stock has a 50-day simple moving average of $62.70 and a 200 day simple moving average of $77.97. 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 posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping 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%. Sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ENPH shares. Morgan Stanley lowered their price objective on shares of 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. Craig Hallum lowered their price target on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Citigroup raised their price objective on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $90.42.

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.