Cerity Partners LLC Sells 1,529 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Cerity Partners LLC decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,459 shares of the semiconductor company’s stock after selling 1,529 shares during the period. Cerity Partners LLC’s holdings in Enphase Energy were worth $650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashburton Jersey Ltd grew its stake in Enphase Energy by 25.2% in the 4th quarter. Ashburton Jersey Ltd now owns 13,284 shares of the semiconductor company’s stock valued at $912,000 after buying an additional 2,673 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Enphase Energy by 235.2% in the fourth quarter. Federated Hermes Inc. now owns 342,767 shares of the semiconductor company’s stock valued at $23,543,000 after acquiring an additional 240,522 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Enphase Energy by 7.4% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 517,499 shares of the semiconductor company’s stock valued at $35,542,000 after acquiring an additional 35,751 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Enphase Energy during the 4th quarter worth approximately $477,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Enphase Energy in the 4th quarter worth approximately $47,000. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of Enphase Energy from $94.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Redburn Atlantic initiated coverage on Enphase Energy in a report on Monday, March 3rd. They issued a “neutral” rating on the stock. Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a report on Friday, January 31st. BMO Capital Markets dropped their target price on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Glj Research reissued a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus price target of $82.85.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $52.54 on Monday. The firm has a market cap of $6.96 billion, a PE ratio of 71.00 and a beta of 1.94. The company’s fifty day simple moving average is $59.33 and its two-hundred day simple moving average is $68.74. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 12-month low of $47.48 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.