Triodos Investment Management BV Has $28.33 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Triodos Investment Management BV lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,361 shares of the semiconductor company's stock after selling 8,000 shares during the quarter. Enphase Energy accounts for about 2.8% of Triodos Investment Management BV's holdings, making the stock its 15th largest position. Triodos Investment Management BV owned 0.16% of Enphase Energy worth $28,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC bought a new position in Enphase Energy during the fourth quarter worth about $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust boosted its stake in Enphase Energy by 131.3% in the 3rd 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 in the last quarter. Addison Advisors LLC grew its position in Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 304 shares during the period. Finally, Blue Trust Inc. raised its stake in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 218 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ENPH. TD Cowen upped their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Truist Financial cut their target price on shares of Enphase Energy from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. Canaccord Genuity Group decreased their price target on Enphase Energy from $132.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. Mizuho cut their price objective on Enphase Energy from $150.00 to $148.00 and set a "buy" rating for the company in a research report on Friday, April 19th. Finally, Canaccord Genuity Group started coverage on Enphase Energy in a report on Tuesday, January 16th. They set a "buy" rating and a $142.00 target price on the stock. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $133.45.

Insider Transactions at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP David A. Ranhoff sold 5,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the completion of the transaction, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the acquisition, the chief executive officer now directly owns 1,655,171 shares of the company's stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold 30,000 shares of company stock valued at $3,219,700 over the last quarter. Corporate insiders own 3.40% of the company's stock.

Enphase Energy Trading Up 5.7 %

NASDAQ:ENPH traded up $6.33 on Tuesday, reaching $117.11. The company's stock had a trading volume of 4,509,774 shares, compared to its average volume of 4,153,136. The firm has a market cap of $15.93 billion, a PE ratio of 60.99, a PEG ratio of 3.88 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The business's 50-day moving average price is $114.72 and its two-hundred day moving average price is $111.85. 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 issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The business had revenue of $263.34 million during the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. Equities research analysts anticipate that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Enphase Energy 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.

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