Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 51.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 49,290 shares of the semiconductor company’s stock after selling 52,671 shares during the quarter. Stifel Financial Corp’s holdings in Enphase Energy were worth $3,385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in shares of Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Enphase Energy in the fourth quarter valued at approximately $47,000. GeoWealth Management LLC lifted its position in Enphase Energy by 56.3% during the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 321 shares in the last quarter. Sava Infond d.o.o. purchased a new stake in Enphase Energy during the fourth quarter worth approximately $69,000. Finally, Avior Wealth Management LLC increased its position in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ENPH shares. TD Cowen decreased their price target on shares of Enphase Energy from $78.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Truist Financial decreased their target price on Enphase Energy from $65.00 to $49.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. BMO Capital Markets dropped their target price on Enphase Energy from $59.00 to $46.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. Oppenheimer set a $84.00 price objective on shares of Enphase Energy and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price (down from $59.00) on shares of Enphase Energy in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and an average target price of $70.54.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $45.56 on Friday. The company has a market cap of $5.98 billion, a P/E ratio of 61.57 and a beta of 1.94. The business has a 50 day moving average of $55.85 and a two-hundred day moving average of $65.43. Enphase Energy, Inc. has a 52 week low of $43.80 and a 52 week high of $141.63. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Activity

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 1,881,760 shares in the company, valued at approximately $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 at this link. Also, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer now owns 1,598,696 shares of the company’s stock, valued at approximately $74,099,559.60. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.10% 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.