22,869 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Stelac Advisory Services LLC

Stelac Advisory Services LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 22,869 shares of the semiconductor company’s stock, valued at approximately $1,571,000.

Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after buying an additional 279 shares during the period. Stone House Investment Management LLC acquired a new position in Enphase Energy during the third quarter worth approximately $34,000. Quarry LP acquired a new position in Enphase Energy during the third quarter worth approximately $37,000. Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% during the fourth 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. Finally, Brooklyn Investment Group acquired a new position in Enphase Energy during the third quarter worth approximately $55,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna cut their price target on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer boosted their target price on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Down 3.9 %

Shares of NASDAQ:ENPH opened at $58.48 on Thursday. 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, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The stock’s fifty day simple moving average is $64.15 and its 200-day simple moving average is $80.39. The company has a market capitalization of $7.75 billion, a P/E ratio of 79.03 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last released its earnings results 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 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the company’s 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 directly owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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.