Sherbrooke Park Advisers LLC Makes New Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Sherbrooke Park Advisers LLC bought a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,867 shares of the semiconductor company's stock, valued at approximately $746,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Enphase Energy by 318.1% in 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 period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Enphase Energy in the fourth quarter valued at $47,000. GeoWealth Management LLC raised its stake in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the period. Sava Infond d.o.o. bought a new stake in shares of Enphase Energy during the 4th quarter valued at $69,000. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 762 shares during the period. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction dated 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 owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the purchase, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Craig Hallum decreased their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Susquehanna decreased their price objective on Enphase Energy from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. DZ Bank lowered shares of Enphase Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group reduced their price target on shares of Enphase Energy from $44.00 to $37.00 and set an "underperform" rating for the company in a research report on Wednesday, April 23rd. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $68.87.

Enphase Energy Trading Down 19.5%

Shares of Enphase Energy stock traded down $9.23 during trading on Thursday, reaching $38.06. 20,695,887 shares of the stock were exchanged, compared to its average volume of 5,028,089. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 51.68 and a beta of 1.80. Enphase Energy, Inc. has a 1 year low of $37.69 and a 1 year high of $141.63. The stock's fifty day moving average is $52.82 and its 200 day moving average is $61.98.

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.