TD Asset Management Inc Lowers Position in Enphase Energy, Inc. (NASDAQ:ENPH)

TD Asset Management Inc trimmed its stake in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,595 shares of the semiconductor company’s stock after selling 4,317 shares during the quarter. TD Asset Management Inc’s holdings in Enphase Energy were worth $6,025,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in Enphase Energy during the fourth quarter worth approximately $26,000. CVA Family Office LLC purchased a new stake in Enphase Energy during the fourth quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its stake in Enphase Energy by 131.3% during the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares during the period. Covestor Ltd grew its stake in Enphase Energy by 61.6% during the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after buying an additional 133 shares during the period. Finally, Addison Advisors LLC grew its stake in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after buying an additional 304 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ENPH shares. Jefferies Financial Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $111.00 in a research note on Wednesday, April 24th. B. Riley boosted their target price on shares of Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Craig Hallum reduced their target price on shares of Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.10.

Check Out Our Latest Stock Report on ENPH

Enphase Energy Stock Up 2.7 %

Enphase Energy stock opened at $133.24 on Thursday. The company has a 50-day simple moving average of $116.23 and a 200-day simple moving average of $116.10. The firm has a market capitalization of $18.13 billion, a P/E ratio of 69.40, a P/E/G ratio of 4.91 and a beta of 1.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 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.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). The firm had revenue of $263.34 million for the quarter, compared to the consensus estimate of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. As a group, equities analysts expect that Enphase Energy, Inc. will post 1.53 earnings per share for the current year.

Insider Transactions at Enphase Energy

In related news, Director Thurman J. Rodgers sold 319,526 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the completion of the transaction, the director now owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 319,526 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the transaction, the director now owns 1,984,562 shares of the company’s stock, valued at approximately $251,106,629.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,526 shares of company stock worth $43,649,325. Insiders own 3.40% of the company’s stock.

About Enphase Energy

(Free Report)

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.

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

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