Compagnie Lombard Odier SCmA Reduces Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Compagnie Lombard Odier SCmA decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 49.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,576 shares of the semiconductor company’s stock after selling 2,535 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Enphase Energy were worth $160,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Leibman Financial Services Inc. boosted its holdings in shares of Enphase Energy by 1.0% during the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company’s stock worth $1,829,000 after purchasing an additional 305 shares during the last quarter. McGowan Group Asset Management Inc. boosted its holdings in shares of Enphase Energy by 2.0% during the fourth quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company’s stock worth $1,145,000 after purchasing an additional 319 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of Enphase Energy by 56.3% during 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 last quarter. Norinchukin Bank The boosted its holdings in shares of Enphase Energy by 6.0% during the fourth quarter. Norinchukin Bank The now owns 5,754 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 328 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Enphase Energy by 0.7% during the fourth quarter. Rafferty Asset Management LLC now owns 49,939 shares of the semiconductor company’s stock worth $3,430,000 after purchasing an additional 332 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH opened at $44.69 on Friday. The business’s 50 day moving average is $46.59 and its two-hundred day moving average is $59.07. Enphase Energy, Inc. has a 52-week low of $37.59 and a 52-week high of $134.99. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 60.39 and a beta of 1.70. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ENPH shares. DZ Bank cut Enphase Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 23rd. BMO Capital Markets reiterated an “underperform” rating and issued a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a report on Tuesday, May 13th. Glj Research reduced their target price on Enphase Energy from $50.69 to $31.11 and set a “sell” rating on the stock in a report on Friday, April 25th. Mizuho set a $53.00 target price on Enphase Energy and gave the company an “outperform” rating in a report on Monday, June 2nd. Finally, Jefferies Financial Group reduced their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.31.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman acquired 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, with a total value of $185,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,598,696 shares in the company, valued at $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate 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.