Strs Ohio Has $3.30 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Strs Ohio trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the semiconductor company's stock after selling 12,500 shares during the period. Strs Ohio's holdings in Enphase Energy were worth $3,303,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in Enphase Energy by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company's stock worth $1,603,000 after purchasing an additional 48 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Enphase Energy by 1.7% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company's stock valued at $852,000 after buying an additional 72 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Enphase Energy by 7.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company's stock valued at $251,000 after acquiring an additional 80 shares in the last quarter. KB Financial Partners LLC lifted its stake in Enphase Energy by 39.8% in the second quarter. KB Financial Partners LLC now owns 309 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 88 shares during the period. Finally, M Holdings Securities Inc. grew its holdings in Enphase Energy by 2.0% during the 1st quarter. M Holdings Securities Inc. now owns 5,118 shares of the semiconductor company's stock worth $1,071,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

Insider Activity at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares of the company's stock, valued at approximately $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold a total of 34,285 shares of company stock valued at $4,054,428 over the last ninety days. Insiders own 3.40% of the company's stock.

Enphase Energy Stock Down 2.5 %

Shares of NASDAQ ENPH traded down $2.69 during midday trading on Friday, hitting $106.48. 3,457,031 shares of the company's stock were exchanged, compared to its average volume of 4,065,562. The firm's fifty day simple moving average is $119.85 and its 200-day simple moving average is $112.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 4.19. The company has a market cap of $14.48 billion, a PE ratio of 34.80, a P/E/G ratio of 3.10 and a beta of 1.47. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $228.36.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The company had revenue of $302.57 million for the quarter, compared to analysts' expectations of $327.06 million. Research analysts predict that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Oppenheimer raised shares of Enphase Energy from a "market perform" rating to an "outperform" rating and set a $133.00 price target for the company in a research report on Wednesday, February 7th. StockNews.com lowered Enphase Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. BMO Capital Markets increased their target price on shares of Enphase Energy from $106.00 to $110.00 and gave the company a "market perform" rating in a research report on Wednesday, February 7th. Susquehanna reaffirmed a "positive" rating and set a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. Finally, Canaccord Genuity Group assumed coverage on Enphase Energy in a research report on Tuesday, January 16th. They issued a "buy" rating and a $142.00 price objective for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Enphase Energy has a consensus rating of "Hold" and an average price target of $149.88.

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.