Skandinaviska Enskilda Banken AB publ Sells 10,378 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Skandinaviska Enskilda Banken AB publ lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,444 shares of the semiconductor company’s stock after selling 10,378 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Enphase Energy were worth $4,172,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the period. Stone House Investment Management LLC bought a new stake in Enphase Energy in the 3rd quarter worth approximately $34,000. Quarry LP purchased a new position in shares of Enphase Energy during the 3rd quarter worth $37,000. Brooklyn Investment Group purchased a new position in shares of Enphase Energy during the 3rd quarter worth $55,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of Enphase Energy during the 3rd quarter worth $62,000. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

ENPH has been the topic of several analyst reports. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research note on Friday, January 31st. Barclays dropped their price target on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Northland Securities lowered their target price on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Performance

Enphase Energy stock opened at $58.13 on Monday. The company’s 50-day moving average price is $63.40 and its 200-day moving average price is $79.02. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month 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. The company has a market cap of $7.70 billion, a PE ratio of 78.56 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly 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%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

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.