200 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Bogart Wealth LLC

Bogart Wealth LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200 shares of the semiconductor company’s stock, valued at approximately $26,000.

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

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Steven J. Gomo sold 20,000 shares of the company’s stock in a transaction on 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 directly owns 118,360 shares in the company, valued at approximately $12,391,108.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard Mora sold 24,285 shares of the stock in a transaction dated 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 sale, the director now directly owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,093,800.00. Following the transaction, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders sold 54,285 shares of company stock worth $6,148,228 in the last three months. 3.40% of the stock is owned by insiders.

Enphase Energy Stock Performance

ENPH stock traded down $1.51 during mid-day trading on Thursday, hitting $110.85. The company had a trading volume of 1,192,415 shares, compared to its average volume of 4,142,959. The firm has a market cap of $15.08 billion, a PE ratio of 58.52, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.78 and a current ratio of 4.16. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $192.22. The stock’s fifty day moving average price is $115.88 and its two-hundred day moving average price is $111.18.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data 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. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, analysts forecast that Enphase Energy, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ENPH. StockNews.com downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Royal Bank of Canada lowered 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. Wells Fargo & Company lowered their price target on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Oppenheimer upped their price objective on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group decreased their price objective on shares of Enphase Energy from $132.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $133.45.

Enphase Energy 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.