Clarity Capital Partners LLC Reduces Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Clarity Capital Partners LLC cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 3.6% in the first quarter, Holdings Channel.com reports. The firm owned 5,919 shares of the semiconductor company’s stock after selling 220 shares during the quarter. Clarity Capital Partners LLC’s holdings in Enphase Energy were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donoghue Forlines LLC boosted its holdings in shares of Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after acquiring an additional 90 shares during the last quarter. Fermata Advisors LLC grew its holdings in shares of Enphase Energy by 1.4% in the first quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after purchasing an additional 100 shares during the period. Hollencrest Capital Management grew its holdings in shares of Enphase Energy by 3.3% in the first quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 100 shares during the period. Fulton Breakefield Broenniman LLC grew its holdings in shares of Enphase Energy by 0.9% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after purchasing an additional 107 shares during the period. Finally, VitalStone Financial LLC boosted its stake in Enphase Energy by 14.3% during the fourth quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock worth $117,000 after buying an additional 111 shares during the period. Institutional investors own 72.12% of the company’s stock.

Insider Activity

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the transaction, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now directly owns 119,948 shares of the company’s stock, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandy Yang acquired 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the purchase, the chief financial officer now directly owns 62,973 shares in the company, valued at $6,564,305.52. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 349,526 shares of company stock worth $43,721,225. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $134.00 in a research report on Friday, April 26th. Oppenheimer raised their target price on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. DZ Bank began coverage on shares of Enphase Energy in a research report on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price objective on the stock. B. Riley boosted their target price on shares of Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company cut their price target on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $130.45.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded up $3.16 during trading hours on Wednesday, reaching $106.75. 2,972,994 shares of the stock were exchanged, compared to its average volume of 4,082,528. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 55.60, a P/E/G ratio of 4.23 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $192.22. The stock’s fifty day simple moving average is $115.51 and its 200 day simple moving average is $116.58.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The company had revenue of $263.34 million for the quarter, compared to the consensus estimate of $280.06 million. Sell-side analysts predict that Enphase Energy, Inc. will post 1.43 EPS for the current year.

Enphase Energy 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.