National Asset Management Inc. Sells 467 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

National Asset Management Inc. reduced its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,202 shares of the semiconductor company’s stock after selling 467 shares during the period. National Asset Management Inc.’s holdings in Enphase Energy were worth $848,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ENPH. American National Bank raised its position in shares of Enphase Energy by 80.5% in the 4th quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Enphase Energy in the 4th quarter worth about $27,000. AlphaCentric Advisors LLC bought a new position in shares of Enphase Energy in the 4th quarter worth about $27,000. Horan Securities Inc. bought a new position in shares of Enphase Energy in the 4th quarter worth about $29,000. Finally, Global Wealth Management Investment Advisory Inc. raised its position in shares of Enphase Energy by 780.0% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 176 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 156 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, Director Benjamin John Kortlang sold 25,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $197.89, for a total transaction of $4,947,250.00. Following the completion of the transaction, the director now directly owns 249,289 shares in the company, valued at approximately $49,331,800.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Benjamin John Kortlang sold 25,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $197.89, for a total transaction of $4,947,250.00. Following the completion of the transaction, the director now directly owns 249,289 shares in the company, valued at approximately $49,331,800.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the transaction, the chief executive officer now owns 1,059,051 shares of the company’s stock, valued at $211,810,200. The disclosure for this sale can be found here. Insiders have sold 153,850 shares of company stock valued at $30,289,084 in the last 90 days. 4.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ENPH has been the subject of several research analyst reports. Cowen lifted their price objective on Enphase Energy from $227.00 to $240.00 in a research report on Wednesday, April 27th. KeyCorp raised their target price on Enphase Energy from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. JPMorgan Chase & Co. lifted their price target on Enphase Energy from $240.00 to $247.00 in a research note on Wednesday, July 20th. Oppenheimer lifted their price target on Enphase Energy from $290.00 to $307.00 in a research note on Wednesday, April 27th. Finally, Credit Suisse Group lifted their price target on Enphase Energy from $163.00 to $174.00 in a research note on Thursday, April 28th. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy has an average rating of “Moderate Buy” and an average target price of $243.35.

Enphase Energy Trading Up 3.3 %

Shares of ENPH stock opened at $218.55 on Tuesday. The company’s fifty day simple moving average is $190.78 and its two-hundred day simple moving average is $172.98. The company has a debt-to-equity ratio of 3.62, a current ratio of 3.44 and a quick ratio of 3.22. Enphase Energy, Inc. has a 1 year low of $113.40 and a 1 year high of $282.46. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 186.80, a PEG ratio of 2.18 and a beta of 1.37.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. The business had revenue of $441.29 million for the quarter, compared to analysts’ expectations of $434.21 million. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.35 earnings per share for the current year.

Enphase Energy Company Profile

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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 services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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