LPL Financial LLC Has $3.66 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

LPL Financial LLC decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 40.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,277 shares of the semiconductor company’s stock after selling 35,530 shares during the period. LPL Financial LLC’s holdings in Enphase Energy were worth $3,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of Enphase Energy by 72.7% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company’s stock valued at $1,305,000 after purchasing an additional 8,000 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after buying an additional 1,258,778 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enphase Energy during the 4th quarter worth about $5,324,000. Y Intercept Hong Kong Ltd bought a new position in shares of Enphase Energy during the 4th quarter worth about $584,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Enphase Energy by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock valued at $64,354,000 after acquiring an additional 56,676 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 8.4 %

Enphase Energy stock opened at $49.56 on Friday. Enphase Energy, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 66.97 and a beta of 1.94. The company’s 50 day simple moving average is $60.74 and its 200 day simple moving average is $71.50.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

ENPH has been the subject of a number of analyst reports. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They set a “neutral” rating for the company. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research report on Friday, January 31st. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Oppenheimer increased their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average price target of $89.79.

Insider Activity

In related news, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

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.