UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 159,233 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

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

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of Enphase Energy by 318.1% during the 4th 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 last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Enphase Energy in the fourth quarter valued at about $47,000. GeoWealth Management LLC increased 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 last quarter. Sava Infond d.o.o. bought a new stake in Enphase Energy during the fourth quarter valued at approximately $69,000. Finally, Avior Wealth Management LLC lifted its holdings 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 acquiring an additional 762 shares during the last quarter. Institutional investors own 72.12% of the company's stock.

Insiders Place Their Bets

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the transaction, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

Enphase Energy Price Performance

Shares of ENPH traded down $0.09 on Thursday, hitting $38.87. The company's stock had a trading volume of 3,033,102 shares, compared to its average volume of 4,397,043. The company has a market capitalization of $5.10 billion, a PE ratio of 52.47 and a beta of 1.80. 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 fifty-two week low of $37.59 and a fifty-two week high of $141.63. The company has a 50 day moving average price of $50.53 and a 200 day moving average price of $60.64.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley downgraded Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 target price for the company. in a research report on Wednesday, April 23rd. Truist Financial cut their price target on Enphase Energy from $65.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Redburn Atlantic started coverage on Enphase Energy in a report on Monday, March 3rd. They set a "neutral" rating for the company. Finally, Susquehanna decreased their price target on Enphase Energy from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.