230,877 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 230,877 shares of the semiconductor company’s stock, valued at approximately $15,857,000. Artisan Partners Limited Partnership owned approximately 0.17% of Enphase Energy at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ENPH. Baillie Gifford & Co. increased its position in Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after buying an additional 2,028,691 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Aspex Management HK Ltd acquired a new position in shares of Enphase Energy during the third quarter worth approximately $48,442,000. Assenagon Asset Management S.A. lifted its holdings in shares of Enphase Energy by 372.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock worth $31,830,000 after purchasing an additional 365,356 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Enphase Energy during the 3rd quarter valued at $37,475,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $61.65 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. The stock has a market cap of $8.17 billion, a PE ratio of 83.31 and a beta of 2.12. The stock has a fifty day moving average of $62.24 and a 200-day moving average of $75.88.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ENPH shares. BMO Capital Markets dropped their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Redburn Atlantic started coverage on Enphase Energy in a research note on Monday, March 3rd. They set a “neutral” rating for the company. Piper Sandler lowered their price objective on Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and an average target price of $90.36.

Insiders Place Their Bets

In other Enphase Energy news, 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 owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy 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 sale, the director now 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.40% 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.