Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Lifted by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 35,398 shares of the semiconductor company’s stock after buying an additional 527 shares during the quarter. Enphase Energy makes up about 1.0% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 11th largest position. Sloy Dahl & Holst LLC’s holdings in Enphase Energy were worth $4,677,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC bought a new stake in Enphase Energy in the 4th quarter valued at about $1,542,000. Assenagon Asset Management S.A. lifted its position in Enphase Energy by 348.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock valued at $29,525,000 after purchasing an additional 173,628 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Enphase Energy in the 4th quarter valued at about $566,000. Glenmede Trust Co. NA lifted its position in Enphase Energy by 92.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock valued at $380,000 after purchasing an additional 1,521 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Enphase Energy by 8.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 141,596 shares of the semiconductor company’s stock valued at $17,013,000 after purchasing an additional 10,729 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 1.1 %

Shares of ENPH stock traded up $1.22 during trading on Wednesday, hitting $111.69. 728,461 shares of the company were exchanged, compared to its average volume of 4,044,133. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 3.12 and a beta of 1.47. The business’s 50-day simple moving average is $120.44 and its 200 day simple moving average is $112.19. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $231.42.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. As a group, analysts forecast that Enphase Energy, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Susquehanna restated a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. KeyCorp restated a “sector weight” rating on shares of Enphase Energy in a research report on Thursday, January 4th. Barclays boosted their price target on shares of Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley boosted their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.03.

Insider Buying and Selling

In related news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares in the company, valued at $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

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.