Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Columbia Asset Management

Columbia Asset Management decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,005 shares of the semiconductor company’s stock after selling 1,410 shares during the quarter. Columbia Asset Management’s holdings in Enphase Energy were worth $206,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Enphase Energy by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company’s stock valued at $1,135,707,000 after acquiring an additional 44,782 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Geode Capital Management LLC lifted its position in Enphase Energy by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company’s stock valued at $234,994,000 after purchasing an additional 47,593 shares during the period. Nordea Investment Management AB boosted its holdings in Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Enphase Energy by 29.6% during the 4th quarter. Schroder Investment Management Group now owns 1,451,414 shares of the semiconductor company’s stock worth $99,683,000 after purchasing an additional 331,917 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 0.5 %

Shares of ENPH stock opened at $62.39 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The company’s 50-day moving average price is $62.20 and its 200-day moving average price is $74.79. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 84.31 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s 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 in the company, 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Susquehanna decreased their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup lowered shares of Enphase Energy from a “neutral” rating to a “negative” rating in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $90.36.

About Enphase Energy

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.