North Star Asset Management Inc. Sells 3,721 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

North Star Asset Management Inc. lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,178 shares of the semiconductor company’s stock after selling 3,721 shares during the period. North Star Asset Management Inc.’s holdings in Enphase Energy were worth $2,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ENPH. Geneos Wealth Management Inc. grew its stake in Enphase Energy by 68.0% in the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in Enphase Energy by 5.5% in the third quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 131 shares in the last quarter. Covestor Ltd grew its stake in Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 133 shares in the last quarter. Valley Wealth Managers Inc. grew its stake in Enphase Energy by 12.3% in the third quarter. Valley Wealth Managers Inc. now owns 1,323 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 145 shares in the last quarter. Finally, Prosperity Wealth Management Inc. grew its stake in Enphase Energy by 6.3% in the third quarter. Prosperity Wealth Management Inc. now owns 2,520 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH traded up $1.40 during midday trading on Monday, reaching $107.88. The company’s stock had a trading volume of 1,490,412 shares, compared to its average volume of 4,029,125. The company has a current ratio of 4.59, a quick ratio of 4.19 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average price of $119.85 and a 200 day moving average price of $112.05. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $228.36. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.01 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In related news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the purchase, the chief executive officer now owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction that occurred on Friday, February 9th. The shares were 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 approximately $376,964.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on ENPH shares. Wells Fargo & Company upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $98.00 to $141.00 in a report on Monday, January 8th. Canaccord Genuity Group initiated coverage on Enphase Energy in a research report on Tuesday, January 16th. They set a “buy” rating and a $142.00 target price on the stock. Mizuho lowered their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Friday. DZ Bank assumed coverage on shares of Enphase Energy in a research note on Wednesday, April 17th. They issued a “hold” rating and a $116.00 target price on the stock. Finally, StockNews.com lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Two equities 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.88.

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.