Schonfeld Strategic Advisors LLC Sells 12,278 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Schonfeld Strategic Advisors LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,363 shares of the semiconductor company's stock after selling 12,278 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Enphase Energy were worth $4,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its holdings in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Enphase Energy during the 4th quarter valued at $47,000. GeoWealth Management LLC boosted its holdings in shares of Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 321 shares in the last quarter. Sava Infond d.o.o. bought a new position in Enphase Energy during the fourth quarter valued at approximately $69,000. Finally, Avior Wealth Management LLC lifted its stake in Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Institutional investors own 72.12% of the company's stock.

Insider Buying and Selling

In other news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENPH. Piper Sandler reduced their price target on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer set a $84.00 target price on shares of Enphase Energy and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Jefferies Financial Group lowered their price target on shares of Enphase Energy from $44.00 to $37.00 and set an "underperform" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Susquehanna lowered their price objective on shares of Enphase Energy from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and a consensus price target of $70.54.

Enphase Energy Stock Performance

NASDAQ ENPH traded down $1.14 during trading hours on Monday, hitting $44.42. The company's stock had a trading volume of 4,151,994 shares, compared to its average volume of 4,044,317. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company's 50 day simple moving average is $55.47 and its two-hundred day simple moving average is $64.72. Enphase Energy, Inc. has a 12 month low of $43.80 and a 12 month high of $141.63. The company has a market cap of $5.83 billion, a P/E ratio of 60.03 and a beta of 1.94.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 2.08 EPS 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.