Strs Ohio Trims Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Strs Ohio reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the semiconductor company’s stock after selling 12,500 shares during the quarter. Strs Ohio’s holdings in Enphase Energy were worth $3,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Granite Bay Wealth Management LLC lifted its position in shares of Enphase Energy by 9.2% in the fourth quarter. Granite Bay Wealth Management LLC now owns 2,752 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 232 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Enphase Energy in the fourth quarter valued at $1,097,000. Aquila Investment Management LLC purchased a new stake in shares of Enphase Energy in the fourth quarter valued at $1,321,000. RPG Investment Advisory LLC lifted its position in shares of Enphase Energy by 6.1% in the fourth quarter. RPG Investment Advisory LLC now owns 48,593 shares of the semiconductor company’s stock valued at $6,421,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Clarius Group LLC purchased a new stake in shares of Enphase Energy in the fourth quarter valued at $201,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Trading Down 2.6 %

Shares of ENPH opened at $109.17 on Friday. The company has a market capitalization of $14.85 billion, a P/E ratio of 35.68, a P/E/G ratio of 3.06 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $228.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The stock has a 50-day moving average price of $120.17 and a 200 day moving average price of $112.17.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. Sell-side analysts forecast that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Thursday. Wells Fargo & Company upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $98.00 to $141.00 in a research note on Monday, January 8th. Mizuho upped their target price on Enphase Energy from $131.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Barclays upped their target price on Enphase Energy from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, DZ Bank initiated coverage on Enphase Energy in a research note on Wednesday. They issued a “hold” rating and a $116.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.94.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The disclosure for this sale can be found here. Insiders have sold a total of 34,285 shares of company stock valued at $4,054,428 in the last quarter. Insiders own 3.40% of the company’s stock.

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.