Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,317 shares of the semiconductor company’s stock after selling 58,607 shares during the quarter. California Public Employees Retirement System owned 0.12% of Enphase Energy worth $11,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ENPH. Quarry LP acquired a new position in Enphase Energy in the 3rd quarter worth about $37,000. Venturi Wealth Management LLC raised its stake in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares during the period. Sava Infond d.o.o. purchased a new position in shares of Enphase Energy during the 4th quarter valued at approximately $69,000. Avior Wealth Management LLC grew its stake in Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 762 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Enphase Energy in the 4th quarter worth $96,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the 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 sale, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction 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 sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Enphase Energy Trading Down 2.6 %

NASDAQ ENPH opened at $57.27 on Friday. 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 firm has a market cap of $7.59 billion, a price-to-earnings ratio of 77.39 and a beta of 2.12. The firm has a 50 day simple moving average of $62.00 and a 200-day simple moving average of $73.90. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63.

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 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%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the topic of several research analyst reports. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. BMO Capital Markets lowered their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Glj Research reissued a “sell” rating and set a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group reduced their price objective on Enphase Energy from $54.00 to $44.00 and set an “underperform” rating for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.79.

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.