Bailard Inc. Has $985,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Bailard Inc. cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,456 shares of the semiconductor company’s stock after selling 5,587 shares during the quarter. Bailard Inc.’s holdings in Enphase Energy were worth $985,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust raised its stake in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares in the last quarter. Covestor Ltd raised its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 218 shares in the last quarter. Finally, Twin Lakes Capital Management LLC acquired a new position in shares of Enphase Energy in the third quarter valued at $48,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Up 3.8 %

NASDAQ ENPH opened at $111.93 on Friday. The firm has a market cap of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. The stock’s 50-day moving average is $118.22 and its 200-day moving average is $111.90. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. Sell-side analysts anticipate that Enphase Energy, Inc. will post 1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the topic of a number of analyst reports. BMO Capital Markets lowered their price target on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating on the stock in a research report on Wednesday. Craig Hallum lowered their price target on Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $111.00 price target (down from $113.00) on shares of Enphase Energy in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Three investment 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.41.

Insider Transactions at Enphase Energy

In related news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the completion of the transaction, the director now directly owns 118,360 shares in the company, valued at $12,391,108.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total value of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The disclosure for this sale can be found here. Insiders have sold a total of 54,285 shares of company stock valued at $6,148,228 over the last 90 days. 3.40% of the stock is owned by company insiders.

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.