Nemes Rush Group LLC Sells 195 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Nemes Rush Group LLC trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 909 shares of the semiconductor company’s stock after selling 195 shares during the quarter. Nemes Rush Group LLC’s holdings in Enphase Energy were worth $120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after acquiring an additional 4,078,723 shares during the last quarter. Northern Trust Corp increased its stake in Enphase Energy by 7.1% in the 3rd quarter. Northern Trust Corp now owns 1,360,627 shares of the semiconductor company’s stock worth $163,479,000 after acquiring an additional 90,438 shares during the last quarter. Norges Bank purchased a new stake in shares of Enphase Energy during the 4th quarter worth approximately $149,425,000. Schroder Investment Management Group grew its holdings in shares of Enphase Energy by 3.3% in the third quarter. Schroder Investment Management Group now owns 1,124,265 shares of the semiconductor company’s stock valued at $135,080,000 after purchasing an additional 35,681 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Enphase Energy by 1.4% in the third quarter. Legal & General Group Plc now owns 1,087,689 shares of the semiconductor company’s stock worth $130,686,000 after purchasing an additional 14,613 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ENPH shares. Citigroup cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $126.00 to $121.00 in a research note on Friday, April 5th. Royal Bank of Canada reduced their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Mizuho lowered their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Friday, April 19th. B. Riley boosted their target price on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $111.00 in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $133.45.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $120.54 per share, with a total value of $482,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $104.69, for a total value of $2,093,800.00. Following the completion of the transaction, the director now owns 118,360 shares in the company, valued at $12,391,108.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at approximately $199,514,312.34. The disclosure for this purchase can be found here. Insiders have sold 30,000 shares of company stock valued at $3,219,700 over the last ninety days. 3.40% of the stock is currently owned by insiders.

Enphase Energy Stock Up 11.8 %

NASDAQ ENPH traded up $13.11 during trading on Wednesday, hitting $124.61. The company’s stock had a trading volume of 5,226,024 shares, compared to its average volume of 4,090,480. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The company has a market cap of $16.95 billion, a PE ratio of 61.10, a P/E/G ratio of 4.06 and a beta of 1.50. The business’s 50 day simple moving average is $113.45 and its 200-day simple moving average is $113.10.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The company had revenue of $263.34 million during the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, equities analysts anticipate that Enphase Energy, Inc. will post 1.59 EPS for the current fiscal year.

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.