Swiss National Bank Has $26.27 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Swiss National Bank cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,500 shares of the semiconductor company’s stock after selling 21,300 shares during the period. Swiss National Bank owned approximately 0.28% of Enphase Energy worth $26,270,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC grew its stake in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the period. Stone House Investment Management LLC bought a new position in Enphase Energy during the third quarter worth about $34,000. Quarry LP bought a new position in Enphase Energy during the third quarter worth about $37,000. Brooklyn Investment Group bought a new position in Enphase Energy during the third quarter worth about $55,000. Finally, Prospera Private Wealth LLC bought a new position in Enphase Energy during the third quarter worth about $62,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $63.80 on Tuesday. The business’s 50 day moving average price is $63.25 and its two-hundred day moving average price is $78.62. The company has a market cap of $8.45 billion, a PE ratio of 86.22 and a beta of 2.12. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a twelve month low of $51.63 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results 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%. On average, analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley reduced their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. OTR Global upgraded Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. TD Cowen reduced their target price on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Northland Securities reduced their target price on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Finally, Redburn Atlantic initiated coverage on Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating on the stock. 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.42.

Insider Activity

In other news, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by company 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.