Enphase Energy, Inc. (NASDAQ:ENPH) Holdings Cut by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC lowered its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,408 shares of the semiconductor company’s stock after selling 576 shares during the period. Main Management ETF Advisors LLC’s holdings in Enphase Energy were worth $440,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ENPH. Venturi Wealth Management LLC lifted its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Enphase Energy in the fourth quarter worth about $47,000. GeoWealth Management LLC lifted its holdings in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 321 shares during the last quarter. Sava Infond d.o.o. bought a new position in Enphase Energy in the fourth quarter worth about $69,000. Finally, Avior Wealth Management LLC lifted its holdings in Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent analyst reports. BNP Paribas Exane cut Enphase Energy from a “neutral” rating to an “underperform” rating and set a $40.00 price target on the stock. in a report on Tuesday. Morgan Stanley cut Enphase Energy from an “equal weight” rating to an “underweight” rating and set a $36.00 price target on the stock. in a report on Wednesday, April 23rd. Glj Research cut their price target on Enphase Energy from $50.69 to $31.11 and set a “sell” rating on the stock in a report on Friday, April 25th. Jefferies Financial Group cut their price target on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays cut Enphase Energy from an “overweight” rating to an “underweight” rating and cut their price target for the company from $51.00 to $40.00 in a report on Tuesday. Eleven analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.87.

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 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 completion of the sale, the chief financial officer now owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Enphase Energy Trading Up 5.8%

NASDAQ ENPH opened at $48.27 on Thursday. Enphase Energy, Inc. has a twelve month low of $43.09 and a twelve month high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 65.23 and a beta of 1.80. The firm’s 50 day moving average price is $53.89 and its two-hundred day moving average price is $63.16.

Enphase Energy 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.