Duff & Phelps Investment Management Co. Cuts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Duff & Phelps Investment Management Co. decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,992 shares of the semiconductor company’s stock after selling 602 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Enphase Energy were worth $1,056,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ENPH. CVA Family Office LLC purchased a new stake in shares of Enphase Energy during the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust boosted its position in Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 176 shares during the last quarter. Covestor Ltd grew its stake in shares of Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares during the period. Addison Advisors LLC grew its position in Enphase Energy by 1,447.6% during the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Enphase Energy by 194.6% during the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of Enphase Energy stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the transaction, the director now directly owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The disclosure for this sale can be found here. Insiders sold 54,285 shares of company stock valued at $6,148,228 over the last 90 days. Insiders own 3.40% of the company’s stock.

Enphase Energy Trading Down 4.5 %

NASDAQ ENPH opened at $108.76 on Wednesday. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 56.65, a price-to-earnings-growth ratio of 4.07 and a beta of 1.47. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. The company’s 50-day simple moving average is $117.46 and its two-hundred day simple moving average is $111.56.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The business had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Equities analysts forecast that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ENPH. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Truist Financial lowered their price target on Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Roth Mkm reiterated a “buy” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday, April 24th. Finally, B. Riley upped their target price on shares of Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.41.

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.