Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Choreo LLC

Choreo LLC lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,606 shares of the semiconductor company’s stock after selling 320 shares during the quarter. Choreo LLC’s holdings in Enphase Energy were worth $32,058,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Enphase Energy in the fourth quarter worth $206,000. Legato Capital Management LLC purchased a new stake in Enphase Energy during the 4th quarter worth about $1,542,000. Assenagon Asset Management S.A. raised its position in Enphase Energy by 348.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock valued at $29,525,000 after purchasing an additional 173,628 shares in the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Enphase Energy in the 4th quarter valued at about $566,000. Finally, Glenmede Trust Co. NA grew its position in shares of Enphase Energy by 92.7% during the third quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock worth $380,000 after buying an additional 1,521 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction on Friday, February 9th. The shares were 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 directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is owned by company insiders.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH traded up $2.33 during trading on Monday, hitting $114.26. 1,608,576 shares of the stock were exchanged, compared to its average volume of 4,204,044. The company has a market cap of $15.55 billion, a PE ratio of 58.30, a P/E/G ratio of 4.10 and a beta of 1.47. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The company has a fifty day moving average price of $117.82 and a two-hundred day moving average price of $111.63. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $192.22.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, analysts forecast that Enphase Energy, Inc. will post 1.56 EPS for the current year.

Wall Street Analyst Weigh In

ENPH has been the topic of several analyst reports. Morgan Stanley raised their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group lowered Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $135.00 to $111.00 in a report on Wednesday, April 24th. Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target for the company. in a report on Wednesday, April 24th. Susquehanna reaffirmed a “positive” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Friday, April 5th. Finally, Piper Sandler reissued a “neutral” rating and set a $111.00 target price (down previously from $113.00) on shares of Enphase Energy in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $137.41.

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.