Daiwa Securities Group Inc. Sells 37,168 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Daiwa Securities Group Inc. reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,494 shares of the semiconductor company's stock after selling 37,168 shares during the period. Daiwa Securities Group Inc.'s holdings in Enphase Energy were worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Panagora Asset Management Inc. lifted its stake in Enphase Energy by 42.5% during the first quarter. Panagora Asset Management Inc. now owns 4,030 shares of the semiconductor company's stock valued at $813,000 after purchasing an additional 1,201 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Enphase Energy during the first quarter valued at approximately $249,000. Cibc World Market Inc. lifted its stake in Enphase Energy by 219.1% during the first quarter. Cibc World Market Inc. now owns 5,320 shares of the semiconductor company's stock valued at $1,073,000 after purchasing an additional 3,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Enphase Energy by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 398,666 shares of the semiconductor company's stock valued at $80,436,000 after purchasing an additional 6,401 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Enphase Energy by 8.7% during the first quarter. Blair William & Co. IL now owns 2,263 shares of the semiconductor company's stock valued at $457,000 after purchasing an additional 182 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded down $2.69 during trading hours on Friday, hitting $106.48. 3,460,199 shares of the stock were exchanged, compared to its average volume of 3,206,401. 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's 50 day moving average is $119.85 and its 200 day moving average is $112.05. The firm has a market capitalization of $14.48 billion, a P/E ratio of 34.80, a P/E/G ratio of 2.95 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $228.36.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The business had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. On average, research analysts expect that Enphase Energy, Inc. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Enphase Energy from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, February 8th. Piper Sandler reduced their price target on shares of Enphase Energy from $120.00 to $117.00 and set a "neutral" rating for the company in a research report on Friday, January 12th. Roth Mkm restated a "buy" rating and issued a $140.00 price target on shares of Enphase Energy in a research report on Thursday. Oppenheimer upgraded 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. Finally, KeyCorp restated a "sector weight" rating on shares of Enphase Energy in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $149.88.

Insider Buying and Selling at Enphase Energy

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

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.