Keybank National Association OH Sells 217 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Keybank National Association OH decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,695 shares of the semiconductor company’s stock after selling 217 shares during the quarter. Keybank National Association OH’s holdings in Enphase Energy were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC lifted its position in shares of Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after acquiring an additional 31,008 shares during the period. Finally, Swedbank AB increased its holdings in shares of Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after acquiring an additional 11,890 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ENPH shares. BMO Capital Markets cut their price target on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Susquehanna cut their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They issued a “neutral” rating on the stock. Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Stock Up 5.0 %

Shares of NASDAQ ENPH opened at $61.63 on Friday. The stock has a 50-day moving average price of $64.45 and a two-hundred day moving average price of $81.46. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 83.28 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Company 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.