Mirova US LLC Has $39.07 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Mirova US LLC trimmed its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 568,829 shares of the semiconductor company’s stock after selling 16,659 shares during the quarter. Mirova US LLC owned approximately 0.42% of Enphase Energy worth $39,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares in the last quarter. Nordea Investment Management AB raised its position in Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Aspex Management HK Ltd bought a new position in Enphase Energy during the third quarter valued at approximately $48,442,000. Montrusco Bolton Investments Inc. raised its position in Enphase Energy by 93.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock valued at $99,295,000 after acquiring an additional 424,327 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Enphase Energy by 372.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock valued at $31,830,000 after acquiring an additional 365,356 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Northland Securities lowered their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Royal Bank of Canada dropped their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, November 22nd. Glj Research reissued a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Finally, Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Price Performance

Shares of ENPH opened at $63.80 on Tuesday. The stock has a market capitalization of $8.45 billion, a P/E ratio of 86.22 and a beta of 2.12. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63. The company has a 50 day moving average of $63.25 and a 200-day moving average of $78.62. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Enphase Energy 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.