3,810 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,810 shares of the semiconductor company’s stock, valued at approximately $503,000.

Several other large investors have also recently made changes to their positions in ENPH. Baillie Gifford & Co. increased its position in shares of Enphase Energy by 387,343.1% during the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock worth $539,102,000 after purchasing an additional 4,078,723 shares in the last quarter. Nordea Investment Management AB grew its holdings in Enphase Energy by 158.8% in the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after buying an additional 501,385 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Enphase Energy by 164.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 355,816 shares of the semiconductor company’s stock valued at $42,751,000 after buying an additional 221,281 shares in the last quarter. DNB Asset Management AS grew its holdings in Enphase Energy by 39.5% in the 4th quarter. DNB Asset Management AS now owns 627,983 shares of the semiconductor company’s stock valued at $82,982,000 after buying an additional 177,686 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Enphase Energy by 348.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock valued at $29,525,000 after buying an additional 173,628 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets dropped their target price on Enphase Energy from $118.00 to $113.00 and set a “market perform” rating for the company in a report on Wednesday. Canaccord Genuity Group assumed coverage on Enphase Energy in a report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 target price for the company. Wells Fargo & Company dropped their target price on Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group cut 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 report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $137.41.

Enphase Energy Stock Performance

Shares of ENPH opened at $111.93 on Friday. The stock has a 50-day simple moving average of $117.82 and a 200-day simple moving average of $111.85. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The stock has a market capitalization of $15.23 billion, a PE ratio of 58.30, a PEG ratio of 3.29 and a beta of 1.47. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $302.57 million during the quarter, compared to analysts’ expectations of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. On average, analysts predict that Enphase Energy, Inc. will post 1.56 earnings per share for the current fiscal year.

Insider Activity

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $120.54 per share, for a total transaction of $482,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,655,171 shares in the company, valued at $199,514,312.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,655,171 shares in the company, valued at approximately $199,514,312.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,285 shares of company stock worth $6,148,228. 3.40% of the stock is currently owned by company insiders.

Enphase Energy Company 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.