Farther Finance Advisors LLC Lowers Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Farther Finance Advisors LLC decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 665 shares of the semiconductor company’s stock after selling 420 shares during the quarter. Farther Finance Advisors LLC’s holdings in Enphase Energy were worth $46,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB grew its holdings in shares of Enphase Energy by 0.3% in the third 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 period. Empowered Funds LLC bought a new stake in shares of Enphase Energy in the third quarter worth $248,000. Natixis Advisors LLC grew its holdings in shares of Enphase Energy by 4.3% in the third quarter. Natixis Advisors LLC now owns 11,261 shares of the semiconductor company’s stock worth $1,273,000 after acquiring an additional 468 shares during the period. Quest Partners LLC grew its holdings in shares of Enphase Energy by 646.5% in the third quarter. Quest Partners LLC now owns 3,471 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 3,006 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in shares of Enphase Energy by 10.3% in the third quarter. Pathstone Holdings LLC now owns 12,405 shares of the semiconductor company’s stock worth $1,402,000 after acquiring an additional 1,162 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ENPH shares. OTR Global upgraded Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets decreased their price objective on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Craig Hallum reduced their price target on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.42.

Insider Activity at Enphase Energy

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Enphase Energy Stock Down 0.2 %

Shares of ENPH opened at $61.54 on Monday. The firm has a market cap of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. The company’s fifty day moving average is $62.60 and its two-hundred day moving average is $77.06. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week high of $141.63. 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 (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.