Swiss National Bank Has $56.44 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Swiss National Bank reduced its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,100 shares of the semiconductor company's stock after selling 13,700 shares during the period. Swiss National Bank owned about 0.31% of Enphase Energy worth $56,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. CVA Family Office LLC purchased a new position in Enphase Energy during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust lifted its position in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company's stock valued at $37,000 after buying an additional 176 shares during the period. Covestor Ltd lifted its position in Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company's stock valued at $42,000 after buying an additional 133 shares during the period. Addison Advisors LLC lifted its position in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock valued at $43,000 after buying an additional 304 shares during the period. Finally, Blue Trust Inc. lifted its position in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company's stock valued at $44,000 after buying an additional 218 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Trading Up 0.8 %

ENPH stock traded up $0.88 during midday trading on Monday, hitting $115.08. 2,757,634 shares of the company's stock were exchanged, compared to its average volume of 4,212,426. The business has a 50-day simple moving average of $116.24 and a two-hundred day simple moving average of $111.07. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $15.66 billion, a PE ratio of 59.48, a P/E/G ratio of 4.08 and a beta of 1.50. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results 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. The company had revenue of $302.57 million during the quarter, compared to analysts' expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, sell-side analysts predict that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 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 purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business'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 of the company's stock, valued at approximately $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares of the company's stock, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen raised their price target on Enphase Energy from $140.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Jefferies Financial Group cut Enphase Energy from a "buy" rating to a "hold" rating and lowered their price target for the stock from $135.00 to $111.00 in a report on Wednesday, April 24th. B. Riley boosted their price target on Enphase Energy from $121.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Canaccord Genuity Group started coverage on Enphase Energy in a research note on Tuesday, January 16th. They issued a "buy" rating and a $142.00 price objective on the stock. Finally, StockNews.com downgraded Enphase Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $133.45.

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.