Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 62.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,284 shares of the semiconductor company's stock after selling 18,995 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Enphase Energy were worth $775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in shares of Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $47,000. GeoWealth Management LLC lifted its holdings in Enphase Energy by 56.3% during the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock worth $61,000 after buying an additional 321 shares during the period. Sava Infond d.o.o. bought a new stake in Enphase Energy during the fourth quarter valued at about $69,000. Finally, Avior Wealth Management LLC grew its position in shares of Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after buying an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insider Activity

In other news, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now directly owns 1,881,760 shares in the company, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Enphase Energy Price Performance

Shares of Enphase Energy stock traded up $0.24 on Tuesday, hitting $46.71. The company's stock had a trading volume of 1,604,466 shares, compared to its average volume of 4,020,346. The firm has a fifty day moving average price of $57.44 and a 200-day moving average price of $66.42. The company has a market capitalization of $6.13 billion, a P/E ratio of 63.26 and a beta of 1.94. Enphase Energy, Inc. has a 52-week low of $44.83 and a 52-week high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the topic of several recent analyst reports. Citigroup reaffirmed a "sell" rating and set a $47.00 target price on shares of Enphase Energy in a research report on Thursday, April 17th. Redburn Atlantic initiated coverage on Enphase Energy in a research report on Monday, March 3rd. They set a "neutral" rating on the stock. Barclays decreased their target price on shares of Enphase Energy from $58.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday. Glj Research lowered their price target on Enphase Energy from $50.69 to $31.11 and set a "sell" rating on the stock in a research report on Friday. Finally, Piper Sandler cut their target price on shares of Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $70.54.

Enphase Energy Company 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.