Umpqua Bank Invests $557,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Umpqua Bank purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,514 shares of the semiconductor company’s stock, valued at approximately $557,000.

A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Enphase Energy in the 4th quarter worth about $3,064,000. Blueshift Asset Management LLC bought a new position in shares of Enphase Energy in the 4th quarter worth about $392,000. Royal London Asset Management Ltd. increased its holdings in shares of Enphase Energy by 13.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 64,467 shares of the semiconductor company’s stock worth $4,428,000 after acquiring an additional 7,615 shares during the period. Cibc World Markets Corp increased its holdings in shares of Enphase Energy by 15.6% in the 4th quarter. Cibc World Markets Corp now owns 21,304 shares of the semiconductor company’s stock worth $1,463,000 after acquiring an additional 2,869 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Enphase Energy by 116.9% in the 4th quarter. Natixis Advisors LLC now owns 24,421 shares of the semiconductor company’s stock worth $1,677,000 after acquiring an additional 13,160 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Performance

ENPH stock opened at $61.54 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 83.16 and a beta of 2.12. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The firm has a 50 day moving average of $62.60 and a two-hundred day moving average of $77.56.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were 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 in the company, valued at $115,276,617.60. This represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Canaccord Genuity Group upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $82.00 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. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $90.42.

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.