Ashburton Jersey Ltd Acquires 2,673 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Ashburton Jersey Ltd increased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 25.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,284 shares of the semiconductor company’s stock after buying an additional 2,673 shares during the period. Ashburton Jersey Ltd’s holdings in Enphase Energy were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Enphase Energy during the 3rd quarter worth $37,000. Venturi Wealth Management LLC lifted its position in shares of Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Enphase Energy during the fourth quarter valued at about $47,000. Sava Infond d.o.o. bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $69,000. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was 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. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ENPH has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price on the stock in a research note on Friday, January 31st. 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 report on Wednesday, February 5th. Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group lowered their target price on shares of 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 given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $89.79.

Enphase Energy Stock Down 2.6 %

Enphase Energy stock opened at $57.27 on Friday. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The stock has a market capitalization of $7.59 billion, a PE ratio of 77.39 and a beta of 2.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The business has a 50 day simple moving average of $62.00 and a 200-day simple moving average of $73.90.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.