Gilder Gagnon Howe & Co. LLC Cuts Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Gilder Gagnon Howe & Co. LLC lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 10.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 161,766 shares of the semiconductor company’s stock after selling 18,423 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Enphase Energy were worth $21,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in Enphase Energy in the 4th quarter worth $26,000. CVA Family Office LLC purchased a new stake in Enphase Energy in the 4th quarter worth $31,000. Parkside Financial Bank & Trust increased its holdings in Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 176 shares in the last quarter. Addison Advisors LLC increased its holdings in Enphase Energy by 1,447.6% in the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 304 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Enphase Energy by 194.6% in the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the subject of a number of research reports. Piper Sandler reaffirmed a “neutral” rating and set a $111.00 target price (down previously from $113.00) on shares of Enphase Energy in a report on Wednesday, April 24th. DZ Bank initiated coverage on shares of Enphase Energy in a report on Wednesday, April 17th. They set a “hold” rating and a $116.00 target price for the company. Mizuho dropped their target price on shares of Enphase Energy from $150.00 to $148.00 and set a “buy” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. dropped their target price on shares of Enphase Energy from $141.00 to $128.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group upped their target price on shares of Enphase Energy from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $136.68.

Get Our Latest Analysis on Enphase Energy

Insider Transactions at Enphase Energy

In other news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $116.29, for a total transaction of $581,450.00. Following the sale, the executive vice president now owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $116.29, for a total value of $581,450.00. Following the sale, the executive vice president now owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mandy Yang bought 4,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the acquisition, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 349,526 shares of company stock valued at $43,649,325. 3.40% of the stock is currently owned by corporate insiders.

Enphase Energy Trading Down 3.7 %

NASDAQ ENPH traded down $4.93 during trading hours on Thursday, reaching $129.59. The company had a trading volume of 1,605,532 shares, compared to its average volume of 4,067,930. The stock has a market capitalization of $17.63 billion, a P/E ratio of 67.44, a price-to-earnings-growth ratio of 5.03 and a beta of 1.77. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average of $117.71 and a 200 day moving average of $117.30.

Enphase Energy (NASDAQ:ENPHGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The business had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. As a group, research analysts anticipate that Enphase Energy, Inc. will post 1.53 earnings per share for the current fiscal year.

Enphase Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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