Bailard Inc. Sells 5,587 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Bailard Inc. lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 42.8% during the fourth quarter, HoldingsChannel reports. The fund owned 7,456 shares of the semiconductor company’s stock after selling 5,587 shares during the quarter. Bailard Inc.’s holdings in Enphase Energy were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Enphase Energy in the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust grew its position in shares of Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the last quarter. Covestor Ltd grew its position in shares of Enphase Energy by 61.6% in the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the last quarter. Blue Trust Inc. grew its position in shares of Enphase Energy by 194.6% in the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares during the last quarter. Finally, Twin Lakes Capital Management LLC bought a new stake in shares of Enphase Energy in the 3rd quarter valued at about $48,000. Institutional investors own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In other news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 of the company’s stock, valued at $12,391,108.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was 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 directly owns 119,948 shares of the company’s stock, valued at $13,948,752.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, 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 valued at $6,148,228 over the last three months. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $140.00 price objective on shares of Enphase Energy in a research note on Wednesday. DZ Bank initiated coverage on Enphase Energy in a research note on Wednesday, April 17th. They issued a “hold” rating and a $116.00 price objective on the stock. B. Riley boosted their price objective on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Oppenheimer upped their price target on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Susquehanna reaffirmed a “positive” rating and set a $140.00 price target on shares of Enphase Energy in a research note on Friday, April 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.41.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $111.93 on Friday. The stock has a fifty day simple moving average of $118.22 and a two-hundred day simple moving average of $111.90. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30.

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, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The business had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Analysts anticipate that Enphase Energy, Inc. will post 1.96 earnings per share for the current year.

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.