Jefferies Financial Group Inc. Decreases Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Jefferies Financial Group Inc. reduced its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 94.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.07% of Enphase Energy worth $6,535,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Czech National Bank raised its position in Enphase Energy by 6.2% during the fourth quarter. Czech National Bank now owns 29,294 shares of the semiconductor company's stock worth $2,012,000 after acquiring an additional 1,708 shares during the period. TT International Asset Management LTD acquired a new stake in shares of Enphase Energy in the fourth quarter valued at about $484,000. Eastern Bank grew its holdings in shares of Enphase Energy by 29.7% in the fourth quarter. Eastern Bank now owns 12,225 shares of the semiconductor company's stock valued at $840,000 after purchasing an additional 2,800 shares during the period. Leibman Financial Services Inc. grew its holdings in shares of Enphase Energy by 58.6% in the fourth quarter. Leibman Financial Services Inc. now owns 29,169 shares of the semiconductor company's stock valued at $2,003,000 after purchasing an additional 10,774 shares during the period. Finally, Signal Advisors Wealth LLC grew its holdings in shares of Enphase Energy by 99.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 19,988 shares of the semiconductor company's stock valued at $1,373,000 after purchasing an additional 9,955 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH traded up $0.68 during midday trading on Friday, hitting $50.40. 5,815,589 shares of the stock were exchanged, compared to its average volume of 4,262,757. The stock has a market cap of $6.61 billion, a P/E ratio of 68.11 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. Enphase Energy, Inc. has a twelve month low of $43.09 and a twelve month high of $141.63. The company has a 50 day moving average price of $53.41 and a 200-day moving average price of $62.56.

Insider Transactions at Enphase Energy

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENPH. DZ Bank lowered shares of Enphase Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd. Craig Hallum reduced their target price on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Redburn Atlantic started coverage on shares of Enphase Energy in a report on Monday, March 3rd. They set a "neutral" rating on the stock. BNP Paribas Exane cut shares of Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price objective on the stock. in a report on Tuesday. Finally, 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 report on Thursday, April 24th. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.