Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 51.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,290 shares of the semiconductor company's stock after selling 52,671 shares during the period. Stifel Financial Corp's holdings in Enphase Energy were worth $3,385,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Enphase Energy by 318.1% in 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. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Enphase Energy during the fourth quarter worth approximately $47,000. GeoWealth Management LLC raised its position in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in Enphase Energy during the 4th quarter worth $69,000. Finally, Avior Wealth Management LLC grew its position in Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 762 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ENPH shares. Truist Financial decreased their target price on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Mizuho lowered their target price on Enphase Energy from $81.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Barclays cut their price target on Enphase Energy from $58.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Piper Sandler lowered their price objective on shares of Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, TD Cowen cut their price objective on shares of Enphase Energy from $78.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $70.54.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the transaction, the chief financial officer now directly owns 78,524 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer now owns 1,598,696 shares in the company, valued at $74,099,559.60. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Stock Up 2.3 %

ENPH stock opened at $45.56 on Friday. 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, Inc. has a 12 month low of $43.80 and a 12 month high of $141.63. The firm has a market capitalization of $5.98 billion, a PE ratio of 61.57 and a beta of 1.94. The company's 50 day simple moving average is $55.85 and its 200-day simple moving average is $65.43.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Equities analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

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.

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