Cambridge Trust Co. Sells 1,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Cambridge Trust Co. lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,725 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Cambridge Trust Co.’s holdings in Enphase Energy were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new position in shares of Enphase Energy in the fourth quarter worth about $29,000. KB Financial Partners LLC bought a new position in Enphase Energy in the 1st quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. bought a new position in Enphase Energy in the 4th quarter valued at approximately $42,000. First Capital Advisors Group LLC. acquired a new stake in Enphase Energy in the second quarter valued at approximately $28,000. Finally, Quarry LP grew its stake in shares of Enphase Energy by 416.7% during the first quarter. Quarry LP now owns 217 shares of the semiconductor company’s stock worth $46,000 after buying an additional 175 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on ENPH shares. StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Morgan Stanley lifted their price target on Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. BMO Capital Markets upped their price objective on Enphase Energy from $106.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. DZ Bank initiated coverage on shares of Enphase Energy in a research report on Wednesday. They set a “hold” rating and a $116.00 target price on the stock. Finally, Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Enphase Energy has an average rating of “Hold” and an average price target of $149.94.

Insiders Place Their Bets

In other news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares in the company, valued at $376,964.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 34,285 shares of company stock worth $4,054,428. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Trading Down 0.2 %

NASDAQ:ENPH opened at $108.92 on Friday. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $228.36. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.10 and a beta of 1.47. The firm has a fifty day simple moving average of $120.17 and a two-hundred day simple moving average of $112.17.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Analysts expect that Enphase Energy, Inc. will post 2.09 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.