Ashburton Jersey Ltd Raises Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Ashburton Jersey Ltd grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,284 shares of the semiconductor company’s stock after acquiring an additional 2,673 shares during the quarter. Ashburton Jersey Ltd’s holdings in Enphase Energy were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ENPH. Quarry LP purchased a new stake in shares of Enphase Energy during the 3rd quarter valued at approximately $37,000. Venturi Wealth Management LLC increased its stake in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Enphase Energy in the fourth quarter valued at $47,000. Sava Infond d.o.o. purchased a new stake in Enphase Energy in the fourth quarter valued at $69,000. Finally, Avior Wealth Management LLC grew its holdings 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 worth $72,000 after purchasing an additional 762 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

ENPH stock opened at $57.27 on Friday. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 77.39 and a beta of 2.12. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. 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 business has a 50 day moving average price of $62.00 and a 200 day moving average price of $73.90.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction 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 completion of the transaction, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

ENPH has been the topic of several research analyst reports. Redburn Atlantic assumed coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating on the stock. Glj Research restated a “sell” rating and issued a $50.69 price objective on shares of Enphase Energy in a report on Tuesday, February 4th. Barclays lowered their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley decreased their price target on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $89.79.

Enphase Energy Company 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.