UniSuper Management Pty Ltd Has $36.35 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

UniSuper Management Pty Ltd lowered its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 529,204 shares of the semiconductor company’s stock after selling 51,736 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Enphase Energy were worth $36,346,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ENPH. Empowered Funds LLC bought a new stake in Enphase Energy during the 3rd quarter worth about $248,000. Natixis Advisors LLC lifted its position in shares of Enphase Energy by 4.3% during the third quarter. Natixis Advisors LLC now owns 11,261 shares of the semiconductor company’s stock worth $1,273,000 after purchasing an additional 468 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Enphase Energy by 10.3% during the third quarter. Pathstone Holdings LLC now owns 12,405 shares of the semiconductor company’s stock valued at $1,402,000 after purchasing an additional 1,162 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Enphase Energy by 12.3% in the third quarter. PNC Financial Services Group Inc. now owns 16,085 shares of the semiconductor company’s stock valued at $1,818,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Commerce Bank raised its position in Enphase Energy by 8.8% in the 3rd quarter. Commerce Bank now owns 4,731 shares of the semiconductor company’s stock worth $535,000 after purchasing an additional 383 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of Enphase Energy stock opened at $60.15 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 81.28 and a beta of 2.12. The stock’s 50-day moving average is $62.34 and its 200-day moving average is $76.27. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the business’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 transaction of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ENPH. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective on the stock in a research report on Friday, January 31st. TD Cowen lowered their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Glj Research restated a “sell” rating and set a $50.69 target price on shares of Enphase Energy in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial restated a “hold” rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.42.

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.