Marshall Wace LLP Trims Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Marshall Wace LLP cut its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,200 shares of the semiconductor company's stock after selling 45,467 shares during the quarter. Marshall Wace LLP's holdings in Enphase Energy were worth $288,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Inspire Investing LLC boosted its holdings in Enphase Energy by 2.0% in the 4th 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 in the last quarter. Arizona State Retirement System increased its stake in shares of Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company's stock worth $2,700,000 after purchasing an additional 336 shares in the last quarter. Evexia Wealth LLC raised its holdings in shares of Enphase Energy by 12.8% in the fourth quarter. Evexia Wealth LLC now owns 3,400 shares of the semiconductor company's stock worth $216,000 after acquiring an additional 386 shares during the last quarter. Hollencrest Capital Management lifted its holdings in Enphase Energy by 17.3% in the 4th quarter. Hollencrest Capital Management now owns 3,385 shares of the semiconductor company's stock valued at $232,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ENPH. Mizuho dropped their price target on Enphase Energy from $81.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Barclays decreased their price objective on shares of Enphase Energy from $58.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Guggenheim restated a "sell" rating and issued a $33.00 price target on shares of Enphase Energy in a research note on Wednesday, April 23rd. Morgan Stanley cut Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price objective on the stock. in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced their price target on shares of Enphase Energy from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Hold" and an average price target of $70.54.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were acquired 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 owns 1,598,696 shares of the company's stock, valued at $74,099,559.60. This represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction 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 transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Price Performance

NASDAQ ENPH opened at $45.56 on Monday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.98 billion, a PE ratio of 61.57 and a beta of 1.94. Enphase Energy, Inc. has a 12-month low of $43.80 and a 12-month high of $141.63. The company has a 50 day moving average price of $55.85 and a two-hundred day moving average price of $65.05.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

About Enphase Energy

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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