Nisa Investment Advisors LLC Sells 4,786 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Nisa Investment Advisors LLC lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 59.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,263 shares of the semiconductor company’s stock after selling 4,786 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Enphase Energy were worth $431,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legato Capital Management LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $1,542,000. Assenagon Asset Management S.A. lifted its holdings in shares of Enphase Energy by 348.6% in the fourth 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 in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Enphase Energy in the fourth quarter valued at approximately $566,000. Glenmede Trust Co. NA lifted its holdings in shares of Enphase Energy by 92.7% in the third 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 in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Enphase Energy by 8.2% in the third 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 in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now directly owns 3,126 shares in the company, valued at $376,964.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 34,285 shares of company stock worth $4,054,428 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Price Performance

Enphase Energy stock opened at $112.05 on Thursday. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $231.42. The business has a 50-day simple moving average of $120.33 and a 200 day simple moving average of $112.19. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 3.12 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its 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. Enphase Energy had a return on equity of 47.73% and a net margin of 19.16%. The business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. On average, research analysts forecast that Enphase Energy, Inc. will post 2.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ENPH shares. BMO Capital Markets raised their target price on Enphase Energy from $106.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Barclays lifted their price target on Enphase Energy from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. StockNews.com lowered Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Susquehanna reiterated a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a report on Friday, April 5th. Finally, Canaccord Genuity Group started coverage on Enphase Energy in a report on Tuesday, January 16th. They set a “buy” rating and a $142.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $149.94.

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.