Gilder Gagnon Howe & Co. LLC Has $6.81 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,172 shares of the semiconductor company’s stock after selling 29,896 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.07% of Enphase Energy worth $6,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. Inspire Investing LLC boosted its position in Enphase Energy by 2.0% during 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 during the period. GeoWealth Management LLC raised its position in shares of Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 321 shares in the last quarter. Norinchukin Bank The lifted its stake in shares of Enphase Energy by 6.0% in the 4th quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 328 shares during the period. Arizona State Retirement System boosted its holdings 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 buying an additional 336 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Enphase Energy by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 41,504 shares of the semiconductor company’s stock worth $2,850,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ENPH. Susquehanna decreased their price objective on Enphase Energy from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday. Craig Hallum cut their price target 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. Citigroup reissued a “sell” rating and issued a $47.00 price objective on shares of Enphase Energy in a research report on Thursday, April 17th. TD Cowen dropped their target price on shares of Enphase Energy from $78.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group lowered their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.54.

Enphase Energy Trading Up 2.4 %

Shares of Enphase Energy stock opened at $46.83 on Friday. The company has a 50 day simple moving average of $57.84 and a two-hundred day simple moving average of $67.02. The firm has a market cap of $6.14 billion, a PE ratio of 63.28 and a beta of 1.94. Enphase Energy, Inc. has a 1 year low of $44.83 and a 1 year high of $141.63. 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 (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 net margin of 7.72% and a return on equity of 15.62%. Analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Activity

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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.