BI Asset Management Fondsmaeglerselskab A S Purchases 50,744 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 130.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,538 shares of the semiconductor company's stock after acquiring an additional 50,744 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of Enphase Energy worth $11,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Panagora Asset Management Inc. grew its stake in shares of Enphase Energy by 34.9% in the third quarter. Panagora Asset Management Inc. now owns 7,512 shares of the semiconductor company's stock worth $903,000 after purchasing an additional 1,942 shares during the last quarter. Allworth Financial LP increased its stake in shares of Enphase Energy by 173.5% in the third quarter. Allworth Financial LP now owns 1,988 shares of the semiconductor company's stock valued at $239,000 after buying an additional 1,261 shares during the period. Teacher Retirement System of Texas raised its position in shares of Enphase Energy by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 10,618 shares of the semiconductor company's stock worth $1,276,000 after acquiring an additional 262 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Enphase Energy by 7.6% in the third quarter. New Mexico Educational Retirement Board now owns 7,100 shares of the semiconductor company's stock worth $853,000 after acquiring an additional 500 shares during the period. Finally, Banque Pictet & Cie SA lifted its stake in shares of Enphase Energy by 13.1% in the third quarter. Banque Pictet & Cie SA now owns 3,073 shares of the semiconductor company's stock worth $369,000 after acquiring an additional 355 shares during the period. Institutional investors own 72.12% of the company's stock.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the 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 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Enphase Energy news, 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 completion of the transaction, the director now directly owns 118,360 shares of the company's stock, valued at $12,391,108.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares of the company's stock, valued at $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold 30,000 shares of company stock worth $3,219,700 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ENPH has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Enphase Energy from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 24th. TD Cowen lifted their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. 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 report on Wednesday, April 24th. Guggenheim lowered Enphase Energy from a "neutral" rating to a "sell" rating and set a $92.00 price objective for the company. in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group dropped their price objective on Enphase Energy from $132.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $133.45.

Enphase Energy Stock Down 2.2 %

ENPH stock traded down $2.53 during trading on Friday, reaching $114.32. The stock had a trading volume of 2,259,115 shares, compared to its average volume of 4,367,187. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 59.54, a P/E/G ratio of 4.09 and a beta of 1.50. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The company's 50 day moving average is $113.94 and its two-hundred day moving average is $112.64.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.17). The business had revenue of $263.34 million during the quarter, compared to analysts' expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Equities research analysts forecast that Enphase Energy, Inc. will post 1.59 EPS for the current year.

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.

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