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

Yousif Capital Management LLC decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,314 shares of the semiconductor company’s stock after selling 874 shares during the quarter. Yousif Capital Management LLC’s holdings in Enphase Energy were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ENPH. Venturi Wealth Management LLC boosted its position in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy in the fourth quarter valued at about $47,000. GeoWealth Management LLC lifted its position in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 321 shares during the last quarter. Sava Infond d.o.o. acquired a new position in Enphase Energy in the fourth quarter valued at about $69,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Enphase Energy in the fourth quarter valued at about $96,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of Enphase Energy stock opened at $36.38 on Thursday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 33.69 and a beta of 1.69. Enphase Energy, Inc. has a 52 week low of $33.01 and a 52 week high of $130.08. The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $45.70 and its two-hundred day moving average is $58.22.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the acquisition, the chief executive officer now owns 1,598,696 shares of the company’s stock, valued at $74,099,559.60. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Enphase Energy from $47.00 to $43.00 and set a “sell” rating on the stock in a research report on Thursday, June 5th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. Oppenheimer set a $84.00 target price on shares of Enphase Energy and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price target on shares of Enphase Energy from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Twelve research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.07.

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.