Nuveen Asset Management LLC Has $34.85 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Nuveen Asset Management LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,428 shares of the semiconductor company's stock after purchasing an additional 60,616 shares during the quarter. Nuveen Asset Management LLC owned 0.38% of Enphase Energy worth $34,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Enphase Energy by 93.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,881 shares of the semiconductor company's stock valued at $473,000 after buying an additional 3,327 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 762 shares in the last quarter. Inspire Investing LLC boosted its holdings in Enphase Energy by 2.0% in the fourth quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company's stock valued at $1,098,000 after purchasing an additional 318 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Enphase Energy by 50.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,150 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Enphase Energy by 178.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,867 shares of the semiconductor company's stock valued at $266,000 after purchasing an additional 2,478 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH traded up $1.63 during trading on Monday, reaching $39.64. The company had a trading volume of 10,160,647 shares, compared to its average volume of 4,393,877. The firm's fifty day moving average is $51.86 and its 200 day moving average is $61.12. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The firm has a market capitalization of $5.20 billion, a PE ratio of 53.57 and a beta of 1.80. Enphase Energy, Inc. has a twelve month low of $37.59 and a twelve month high of $141.63.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were bought at an average price of $46.35 per share, with a total value of $185,400.00. Following the completion of the acquisition, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $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. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ENPH shares. Oppenheimer set a $84.00 target price on Enphase Energy and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Citigroup reiterated a "sell" rating and set a $47.00 price objective on shares of Enphase Energy in a research note on Thursday, April 17th. Royal Bank of Canada reissued a "sector perform" rating and issued a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. BMO Capital Markets restated an "underperform" rating and issued a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research note on Tuesday, May 13th. Finally, Redburn Atlantic began coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a "neutral" rating for the company. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.87.

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.