Bokf Na Sells 1,818 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Bokf Na decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,692 shares of the semiconductor company’s stock after selling 1,818 shares during the period. Bokf Na’s holdings in Enphase Energy were worth $1,383,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Quadrature Capital Ltd increased its position in shares of Enphase Energy by 1,411.8% during the first quarter. Quadrature Capital Ltd now owns 199,798 shares of the semiconductor company’s stock worth $24,170,000 after acquiring an additional 186,582 shares in the last quarter. Guardian Capital Advisors LP bought a new stake in shares of Enphase Energy during the first quarter worth $224,000. Canada Pension Plan Investment Board bought a new stake in shares of Enphase Energy during the first quarter worth $59,128,000. Stamos Capital Partners L.P. increased its position in shares of Enphase Energy by 185.5% during the first quarter. Stamos Capital Partners L.P. now owns 10,450 shares of the semiconductor company’s stock worth $1,264,000 after acquiring an additional 6,790 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Enphase Energy by 52.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 287,784 shares of the semiconductor company’s stock worth $34,816,000 after acquiring an additional 98,465 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 1.7 %

Shares of NASDAQ ENPH traded down $1.97 during midday trading on Monday, reaching $117.37. The stock had a trading volume of 806,676 shares, compared to its average volume of 4,172,648. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 62.16, a price-to-earnings-growth ratio of 6.09 and a beta of 1.72. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $156.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The company’s 50 day moving average price is $115.31 and its 200 day moving average price is $115.31.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same quarter last year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was down 57.3% on a year-over-year basis. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ENPH shares. Canaccord Genuity Group decreased their target price on shares of Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Guggenheim raised their target price on shares of Enphase Energy from $92.00 to $93.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Craig Hallum raised their target price on shares of Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Glj Research started coverage on shares of Enphase Energy in a research report on Tuesday, June 25th. They issued a “sell” rating and a $45.82 target price for the company. Finally, HSBC raised shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research report on Monday, June 10th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $128.53.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the transaction, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Thurman J. Rodgers sold 319,526 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the transaction, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mandy Yang purchased 4,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $104.24 per share, with a total value of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The disclosure for this purchase can be found here. 3.40% of the stock is owned by corporate insiders.

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.