Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Lowered by Mariner LLC

Mariner LLC decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 94.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,706 shares of the semiconductor company’s stock after selling 811,609 shares during the period. Mariner LLC’s holdings in Enphase Energy were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the fourth quarter valued at about $47,000. Sava Infond d.o.o. bought a new position in Enphase Energy in the 4th quarter valued at about $69,000. Avior Wealth Management LLC increased its stake in Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 762 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Enphase Energy in the 4th quarter worth approximately $96,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ENPH shares. JPMorgan Chase & Co. dropped their target price on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Oppenheimer boosted their price target on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Craig Hallum dropped their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Glj Research restated a “sell” rating and set a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.85.

Enphase Energy Price Performance

Shares of ENPH opened at $51.62 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The firm has a market cap of $6.84 billion, a PE ratio of 69.76 and a beta of 1.94. The firm’s 50 day moving average price is $59.14 and its 200 day moving average price is $68.36. Enphase Energy, Inc. has a twelve month low of $47.48 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly 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 net margin of 7.72% and a return on equity of 15.62%. As a group, research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal 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.