Union Bancaire Privee UBP SA Reduces Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Union Bancaire Privee UBP SA cut its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 11,019 shares of the semiconductor company’s stock after selling 403 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Enphase Energy were worth $669,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ENPH. Asset Management One Co. Ltd. boosted its holdings in shares of Enphase Energy by 18.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 65,310 shares of the semiconductor company’s stock valued at $4,711,000 after buying an additional 10,398 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Enphase Energy by 53.4% in the 4th quarter. Vontobel Holding Ltd. now owns 91,749 shares of the semiconductor company’s stock valued at $6,301,000 after buying an additional 31,954 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Enphase Energy by 40.2% in the 4th quarter. V Square Quantitative Management LLC now owns 5,263 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 1,508 shares in the last quarter. MN Wealth Advisors LLC boosted its holdings in shares of Enphase Energy by 61.7% in the 4th quarter. MN Wealth Advisors LLC now owns 10,159 shares of the semiconductor company’s stock valued at $698,000 after buying an additional 3,878 shares in the last quarter. Finally, DDD Partners LLC boosted its holdings in shares of Enphase Energy by 29.5% in the 4th quarter. DDD Partners LLC now owns 2,924 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 666 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the acquisition, the chief executive officer now owns 1,598,696 shares in the company, valued at $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ENPH shares. BNP Paribas Exane cut shares of Enphase Energy from a “neutral” rating to an “underperform” rating and set a $40.00 target price for the company. in a report on Tuesday, May 13th. Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $54.00 price target (down previously from $59.00) on shares of Enphase Energy in a research note on Wednesday, April 23rd. Glj Research decreased their price target on shares of Enphase Energy from $50.69 to $31.11 and set a “sell” rating for the company in a research note on Friday, April 25th. Finally, Mizuho set a $53.00 price target on shares of Enphase Energy and gave the stock an “outperform” rating in a research note on Monday, June 2nd. Eleven analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.31.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $45.60 on Friday. The company has a market cap of $5.98 billion, a PE ratio of 61.62 and a beta of 1.70. Enphase Energy, Inc. has a 12 month low of $37.59 and a 12 month high of $131.74. 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 company has a 50-day simple moving average of $46.51 and a 200-day simple moving average of $58.90.

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.