Altshuler Shaham Ltd Sells 1,723 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Altshuler Shaham Ltd cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,971 shares of the semiconductor company’s stock after selling 1,723 shares during the period. Altshuler Shaham Ltd’s holdings in Enphase Energy were worth $657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENPH. Wealthspire Advisors LLC acquired a new stake in Enphase Energy in the fourth quarter valued at approximately $221,000. Bogart Wealth LLC acquired a new stake in Enphase Energy in the fourth quarter valued at approximately $26,000. Charles Schwab Investment Management Inc. boosted its stake in Enphase Energy by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 796,053 shares of the semiconductor company’s stock valued at $105,190,000 after acquiring an additional 34,992 shares in the last quarter. Metis Global Partners LLC boosted its stake in Enphase Energy by 24.7% in the fourth quarter. Metis Global Partners LLC now owns 16,112 shares of the semiconductor company’s stock valued at $2,129,000 after acquiring an additional 3,189 shares in the last quarter. Finally, TCG Advisory Services LLC acquired a new stake in Enphase Energy in the fourth quarter valued at approximately $751,000. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ENPH shares. Royal Bank of Canada cut their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley increased their price target on shares of Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Barclays upgraded shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $134.00 in a report on Friday, April 26th. Canaccord Genuity Group started coverage on Enphase Energy in a research report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective on the stock. Finally, Canaccord Genuity Group lowered their price objective on Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $133.45.

Enphase Energy Trading Down 1.1 %

NASDAQ:ENPH traded down $1.23 on Thursday, reaching $111.13. 3,724,879 shares of the company’s stock were exchanged, compared to its average volume of 4,173,165. The company has a quick ratio of 3.78, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50. The business has a fifty day moving average of $115.88 and a 200-day moving average of $111.18. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. As a group, analysts expect that Enphase Energy, Inc. will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Mandy Yang bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the completion of the purchase, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Enphase Energy news, CFO Mandy Yang purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $104.24 per share, with a total value of $416,960.00. Following the completion of the acquisition, the chief financial officer now directly owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,285 shares of company stock worth $6,148,228. Company insiders own 3.40% of the company’s stock.

About Enphase Energy

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.