Mariner LLC Decreases Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mariner LLC cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 94.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,706 shares of the semiconductor company’s stock after selling 811,609 shares during the quarter. Mariner LLC’s holdings in Enphase Energy were worth $3,277,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ENPH. Inspire Investing LLC boosted its position in shares of Enphase Energy by 2.0% in the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock worth $1,098,000 after buying an additional 318 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company’s stock worth $2,700,000 after purchasing an additional 336 shares in the last quarter. Evexia Wealth LLC raised its position in shares of Enphase Energy by 12.8% during the 4th quarter. Evexia Wealth LLC now owns 3,400 shares of the semiconductor company’s stock worth $216,000 after purchasing an additional 386 shares during the last quarter. Hollencrest Capital Management lifted its stake in Enphase Energy by 17.3% in the 4th quarter. Hollencrest Capital Management now owns 3,385 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ENPH shares. Craig Hallum decreased their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. Susquehanna cut their price target on Enphase Energy from $76.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Oppenheimer lifted their price objective on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, TD Cowen reduced their target price on Enphase Energy from $94.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Enphase Energy has an average rating of “Hold” and an average price target of $82.85.

Insider Activity at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Enphase Energy Stock Performance

Shares of ENPH opened at $51.62 on Tuesday. Enphase Energy, Inc. has a 52-week low of $47.48 and a 52-week high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 69.76 and a beta of 1.94. The business’s 50 day moving average is $59.14 and its two-hundred day moving average is $68.36.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.