Jefferies Financial Group Inc. lowered its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 94.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,153 shares of the semiconductor company's stock after selling 1,617,521 shares during the period. Jefferies Financial Group Inc. owned 0.07% of Enphase Energy worth $6,535,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENPH. Venturi Wealth Management LLC lifted its position in Enphase Energy by 318.1% in the 4th 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 4th quarter valued at about $47,000. GeoWealth Management LLC boosted its position in shares of Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 321 shares during the period. Sava Infond d.o.o. bought a new position in Enphase Energy in the 4th quarter worth $69,000. Finally, Avior Wealth Management LLC increased its stake in 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 in the last quarter. Institutional investors own 72.12% of the company's stock.
Insider Transactions at Enphase Energy
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the purchase, the chief executive officer now directly owns 1,598,696 shares in the company, valued at $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.
Enphase Energy Stock Up 4.7%
Shares of ENPH stock traded up $1.84 on Friday, hitting $41.08. The stock had a trading volume of 9,511,721 shares, compared to its average volume of 5,207,004. 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, Inc. has a one year low of $37.59 and a one year high of $141.63. The business has a 50 day moving average price of $50.07 and a 200 day moving average price of $60.47. The company has a market cap of $5.39 billion, a PE ratio of 55.51 and a beta of 1.80.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ENPH shares. Glj Research cut their target price on Enphase Energy from $50.69 to $31.11 and set a "sell" rating for the company in a research report on Friday, April 25th. Canaccord Genuity Group cut their price objective on shares of Enphase Energy from $70.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Jefferies Financial Group lowered their target price on shares of Enphase Energy from $44.00 to $37.00 and set an "underperform" rating on the stock in a report on Wednesday, April 23rd. BMO Capital Markets restated an "underperform" rating and set a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Finally, Barclays downgraded shares of Enphase Energy from an "overweight" rating to an "underweight" rating and reduced their price target for the company from $51.00 to $40.00 in a report on Tuesday, May 13th. Eleven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $68.87.
Read Our Latest Report on ENPH
About Enphase Energy
(
Free Report)
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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