Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,319 shares of the semiconductor company’s stock after selling 1,963 shares during the period. Mackenzie Financial Corp’s holdings in Enphase Energy were worth $1,628,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. grew its holdings in Enphase Energy by 387,343.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after acquiring an additional 4,078,723 shares in the last quarter. Nordea Investment Management AB grew its holdings in Enphase Energy by 158.8% during the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock worth $109,083,000 after acquiring an additional 501,385 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Enphase Energy by 164.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 355,816 shares of the semiconductor company’s stock worth $42,751,000 after acquiring an additional 221,281 shares in the last quarter. DNB Asset Management AS grew its holdings in Enphase Energy by 39.5% during the 4th quarter. DNB Asset Management AS now owns 627,983 shares of the semiconductor company’s stock worth $82,982,000 after acquiring an additional 177,686 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Enphase Energy by 348.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock worth $29,525,000 after acquiring an additional 173,628 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho decreased their price objective on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a report on Friday, April 19th. Canaccord Genuity Group assumed coverage on shares of Enphase Energy in a report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price target for the company. B. Riley lifted their price target on shares of Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $98.00 to $141.00 in a report on Monday, January 8th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $140.00 price target on shares of Enphase Energy in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and an average price target of $147.38.

Enphase Energy Stock Up 2.7 %

ENPH stock opened at $113.48 on Wednesday. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $228.36. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47. The firm’s 50-day moving average is $119.28 and its two-hundred day moving average is $111.97. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. The company had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. On average, analysts forecast that Enphase Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Insiders have sold 34,285 shares of company stock valued at $4,054,428 in the last quarter. Insiders own 3.40% of the company’s stock.

About Enphase Energy

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.