Stratos Wealth Partners LTD. Reduces Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Stratos Wealth Partners LTD. cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 33.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,754 shares of the semiconductor company’s stock after selling 2,396 shares during the period. Stratos Wealth Partners LTD.’s holdings in Enphase Energy were worth $295,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Enphase Energy during the 4th quarter worth about $1,528,000. Avantax Advisory Services Inc. grew its position in shares of Enphase Energy by 50.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,227 shares of the semiconductor company’s stock worth $771,000 after acquiring an additional 3,753 shares during the last quarter. Natixis Advisors LLC grew its position in Enphase Energy by 116.9% in the 4th quarter. Natixis Advisors LLC now owns 24,421 shares of the semiconductor company’s stock valued at $1,677,000 after buying an additional 13,160 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Enphase Energy by 15.6% in the 4th quarter. Cibc World Markets Corp now owns 21,304 shares of the semiconductor company’s stock valued at $1,463,000 after acquiring an additional 2,869 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in Enphase Energy by 13.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 64,467 shares of the semiconductor company’s stock valued at $4,428,000 after buying an additional 7,615 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ENPH. Wells Fargo & Company decreased their target price on Enphase Energy from $65.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, June 20th. Jefferies Financial Group reduced their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a report on Wednesday, April 23rd. Glj Research lowered their price objective on Enphase Energy from $50.69 to $31.11 and set a “sell” rating for the company in a research report on Friday, April 25th. Morgan Stanley downgraded Enphase Energy from an “equal weight” rating to an “underweight” rating and set a $36.00 price objective for the company. in a report on Wednesday, April 23rd. Finally, BNP Paribas Exane downgraded Enphase Energy from a “neutral” rating to an “underperform” rating and set a $40.00 target price for the company. in a research note on Tuesday, May 13th. Thirteen equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.20.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the transaction, the chief executive officer owned 1,598,696 shares of the company’s stock, valued at $74,099,559.60. This trade represents a 0.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $40.25 on Wednesday. The firm has a 50-day moving average price of $42.52 and a two-hundred day moving average price of $53.87. The company has a market capitalization of $5.28 billion, a P/E ratio of 37.27 and a beta of 1.67. The company has a quick ratio of 1.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.70. Enphase Energy, Inc. has a 12-month low of $33.01 and a 12-month high of $130.08.

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.