Emerald Advisers LLC Sells 3,565 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Emerald Advisers LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 52.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,205 shares of the semiconductor company’s stock after selling 3,565 shares during the period. Emerald Advisers LLC’s holdings in Enphase Energy were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the period. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter worth $34,000. Quarry LP acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $37,000. Brooklyn Investment Group bought a new stake in shares of Enphase Energy in the 3rd quarter valued at $55,000. Finally, Venturi Wealth Management LLC raised its stake in Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Enphase Energy Price Performance

Shares of ENPH opened at $61.54 on Monday. The company’s 50-day moving average is $62.60 and its 200-day moving average is $77.06. 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 $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Equities analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ENPH. Wells Fargo & Company decreased their target price on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group cut their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. BMO Capital Markets dropped their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Susquehanna reduced their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.