Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283 shares of the semiconductor company’s stock after selling 181 shares during the quarter. Lindbrook Capital LLC’s holdings in Enphase Energy were worth $37,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CVA Family Office LLC purchased a new stake in Enphase Energy during the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust increased its position in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares in the last quarter. Covestor Ltd raised its holdings in Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the period. Blue Trust Inc. lifted its position in Enphase Energy by 194.6% during the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares in the last quarter. Finally, Twin Lakes Capital Management LLC purchased a new stake in Enphase Energy during the third quarter worth approximately $48,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Up 3.8 %

Enphase Energy stock opened at $111.93 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The company has a 50-day simple moving average of $118.22 and a 200-day simple moving average of $111.90. The firm has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.16 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. As a group, equities analysts expect that Enphase Energy, Inc. will post 1.95 earnings per share for the current year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of Enphase Energy stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the sale, the director now directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold 54,285 shares of company stock valued at $6,148,228 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research reports. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Mizuho decreased their target price on Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Roth Mkm reiterated a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a report on Wednesday. Royal Bank of Canada decreased their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $137.41.

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.