Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Hartline Investment Corp

Hartline Investment Corp decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 34.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,710 shares of the semiconductor company’s stock after selling 28,260 shares during the period. Enphase Energy accounts for approximately 1.1% of Hartline Investment Corp’s portfolio, making the stock its 19th biggest holding. Hartline Investment Corp’s holdings in Enphase Energy were worth $7,097,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Enphase Energy during the fourth quarter worth approximately $206,000. Linden Thomas Advisory Services LLC increased its position in Enphase Energy by 10.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,268 shares of the semiconductor company’s stock worth $960,000 after buying an additional 678 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Enphase Energy by 53.5% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,245 shares of the semiconductor company’s stock worth $1,222,000 after buying an additional 3,223 shares during the period. Illinois Municipal Retirement Fund increased its position in Enphase Energy by 129.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 7,709 shares of the semiconductor company’s stock worth $1,019,000 after buying an additional 4,349 shares during the period. Finally, Telemus Capital LLC acquired a new position in Enphase Energy during the fourth quarter worth approximately $262,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

ENPH stock traded down $6.31 during trading on Wednesday, hitting $107.17. 10,882,666 shares of the company’s stock traded hands, compared to its average volume of 4,175,205. The company has a quick ratio of 4.19, a current ratio of 4.59 and a debt-to-equity ratio of 1.32. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $228.36. The stock has a fifty day moving average price of $119.28 and a two-hundred day moving average price of $111.97. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47.

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 the consensus estimate of $0.24 by $0.05. The business had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 2.01 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In related 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 value of $581,450.00. Following the completion of the transaction, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 value of $581,450.00. Following the completion of the transaction, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,285 shares of company stock worth $4,054,428. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ENPH shares. Canaccord Genuity Group dropped their target price on Enphase Energy from $132.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays boosted their target price on Enphase Energy from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Canaccord Genuity Group started coverage on Enphase Energy in a report on Tuesday, January 16th. They issued a “buy” rating and a $142.00 target price on the stock. Jefferies Financial Group lowered Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $135.00 to $111.00 in a report on Wednesday. Finally, Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price on the stock. in a report on Wednesday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $141.00.

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.