Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,190,875 shares of the semiconductor company's stock after selling 159,233 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.62% of Enphase Energy worth $150,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after acquiring an additional 2,028,691 shares in the last quarter. Invesco Ltd. lifted its position in Enphase Energy by 43.4% during the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock worth $313,034,000 after buying an additional 1,378,978 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Enphase Energy by 531.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after buying an additional 678,163 shares during the period. Norges Bank purchased a new position in Enphase Energy during the fourth quarter worth about $46,339,000. Finally, Alyeska Investment Group L.P. lifted its position in Enphase Energy by 62.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock worth $92,652,000 after buying an additional 517,989 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer now owns 1,598,696 shares in the company, valued at approximately $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 company insiders.

Enphase Energy Stock Up 1.5%

Enphase Energy stock traded up $0.58 during midday trading on Tuesday, hitting $40.22. The stock had a trading volume of 6,165,489 shares, compared to its average volume of 4,400,967. The business has a fifty day moving average price of $51.41 and a 200 day moving average price of $60.93. Enphase Energy, Inc. has a 12 month low of $37.59 and a 12 month high of $141.63. The stock has a market cap of $5.28 billion, a P/E ratio of 54.35 and a beta of 1.80. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ENPH. Oppenheimer set a $84.00 target price on Enphase Energy and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Morgan Stanley downgraded Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 target price on the stock. in a research report on Wednesday, April 23rd. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 price objective (down from $59.00) on shares of Enphase Energy in a report on Wednesday, April 23rd. Glj Research cut their price objective on Enphase Energy from $50.69 to $31.11 and set a "sell" rating on the stock in a report on Friday, April 25th. Finally, Guggenheim restated a "sell" rating and issued a $33.00 price objective on shares of Enphase Energy in a report on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and an average 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.