Erste Asset Management GmbH Sells 12,775 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Erste Asset Management GmbH lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,182 shares of the semiconductor company’s stock after selling 12,775 shares during the quarter. Erste Asset Management GmbH owned 0.23% of Enphase Energy worth $22,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC grew its stake in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter valued at about $34,000. Quarry LP bought a new position in shares of Enphase Energy during the third quarter valued at about $37,000. Brooklyn Investment Group bought a new position in shares of Enphase Energy during the third quarter valued at about $55,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Enphase Energy during the third quarter valued at about $62,000. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ENPH. BMO Capital Markets reduced their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Glj Research reaffirmed a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research note on Tuesday, February 4th. Oppenheimer raised their price objective on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Finally, Piper Sandler dropped their target price on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $90.42.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Enphase Energy Price Performance

Shares of ENPH opened at $58.48 on Thursday. The company has a market capitalization of $7.75 billion, a P/E ratio of 79.03 and a beta of 2.12. 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 50 day moving average of $64.15 and a 200 day moving average of $80.39. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share 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.