Xponance Inc. Has $2.27 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Xponance Inc. decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,112 shares of the semiconductor company’s stock after selling 688 shares during the period. Xponance Inc.’s holdings in Enphase Energy were worth $2,274,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ENPH. Avior Wealth Management LLC raised its holdings in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of Enphase Energy during the third quarter valued at approximately $37,000. Venturi Wealth Management LLC increased its holdings 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 acquiring an additional 509 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Enphase Energy during the third quarter worth approximately $55,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 0.2 %

Shares of NASDAQ ENPH opened at $61.54 on Friday. The stock has a market capitalization of $8.15 billion, a P/E ratio of 83.16 and a beta of 2.12. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The firm’s 50 day simple moving average is $62.60 and its two-hundred day simple moving average is $77.56. 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 issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS 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%. As a group, analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated 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 owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This 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 currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ENPH shares. TD Cowen lowered their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada dropped their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets decreased their price target 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. Finally, Citigroup raised their price objective on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $90.42.

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.