Nicola Wealth Management LTD. Has $2.78 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Nicola Wealth Management LTD. trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,000 shares of the semiconductor company's stock after selling 10,000 shares during the period. Nicola Wealth Management LTD.'s holdings in Enphase Energy were worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at $26,000. CVA Family Office LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust increased its holdings in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 176 shares during the last quarter. Covestor Ltd grew its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 133 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of 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 in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENPH has been the topic of several research reports. Oppenheimer upped their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Enphase Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. Truist Financial decreased their price target on shares of Enphase Energy from $145.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Susquehanna restated a "positive" rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Friday, April 5th. Finally, Jefferies Financial Group downgraded shares of Enphase Energy from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $133.45.

Insider Transactions at Enphase Energy

In other news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the transaction, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $3,219,700 over the last three months. 3.40% of the stock is owned by company insiders.

Enphase Energy Trading Down 2.2 %

NASDAQ ENPH traded down $2.53 on Friday, hitting $114.32. The company's stock had a trading volume of 2,258,190 shares, compared to its average volume of 4,115,915. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The company's 50-day moving average is $113.94 and its 200 day moving average is $112.16. The firm has a market cap of $15.55 billion, a PE ratio of 59.54, a PEG ratio of 4.13 and a beta of 1.50.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. As a group, analysts predict that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.