Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,356 shares of the semiconductor company’s stock after buying an additional 3,134 shares during the quarter. ProShare Advisors LLC’s holdings in Enphase Energy were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ENPH. Venturi Wealth Management LLC boosted its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy in the fourth quarter worth $47,000. GeoWealth Management LLC boosted its holdings in Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 321 shares during the period. Sava Infond d.o.o. acquired a new position in Enphase Energy in the fourth quarter worth $69,000. Finally, Avior Wealth Management LLC boosted its holdings in 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 purchasing an additional 762 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of ENPH opened at $48.78 on Tuesday. The business’s 50-day moving average is $53.21 and its 200-day moving average is $62.17. 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 market capitalization of $6.40 billion, a price-to-earnings ratio of 65.92 and a beta of 1.80. Enphase Energy, Inc. has a fifty-two week low of $43.09 and a fifty-two week high of $141.63.

Analyst Ratings Changes

A number of research firms have commented on ENPH. Citigroup reaffirmed a “sell” rating and issued a $47.00 price objective on shares of Enphase Energy in a report on Thursday, April 17th. Glj Research reduced their price objective on shares of Enphase Energy from $50.69 to $31.11 and set a “sell” rating for the company in a report on Friday, April 25th. Canaccord Genuity Group lowered their target price on shares of Enphase Energy from $70.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Enphase Energy from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna decreased their price objective on shares of Enphase Energy from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Eleven investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.87.

Insider Activity at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,598,696 shares of the company’s stock, valued at $74,099,559.60. This trade represents a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

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.