Bank Julius Baer & Co. Ltd Zurich Invests $503,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, Holdings Channel.com reports. The fund purchased 3,810 shares of the semiconductor company’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Enphase Energy during the 4th quarter worth approximately $206,000. Legato Capital Management LLC acquired a new stake in Enphase Energy in the 4th quarter valued at approximately $1,542,000. Assenagon Asset Management S.A. increased its position in Enphase Energy by 348.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 223,436 shares of the semiconductor company’s stock valued at $29,525,000 after acquiring an additional 173,628 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Enphase Energy in the 4th quarter valued at approximately $566,000. Finally, Glenmede Trust Co. NA increased its position in Enphase Energy by 92.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,162 shares of the semiconductor company’s stock valued at $380,000 after acquiring an additional 1,521 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ENPH shares. Oppenheimer raised their target price on Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley raised their target price on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada lowered their target price on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday. Citigroup cut Enphase Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $121.00 in a research report on Friday, April 5th. Finally, DZ Bank initiated coverage on Enphase Energy in a research report on Wednesday, April 17th. They issued a “hold” rating and a $116.00 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $137.41.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now owns 3,126 shares of the company’s stock, valued at $376,964.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $120.54 per share, with a total value of $482,160.00. Following the transaction, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The disclosure for this purchase can be found here. Insiders sold a total of 54,285 shares of company stock valued at $6,148,228 over the last quarter. Company insiders own 3.40% of the company’s stock.

Enphase Energy Stock Performance

ENPH opened at $111.93 on Friday. The firm has a market cap of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.29 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $117.82 and a 200-day simple moving average of $111.85. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $192.22.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share 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 return on equity of 31.89% and a net margin of 15.10%. As a group, equities analysts predict that Enphase Energy, Inc. will post 1.56 EPS for the current fiscal year.

Enphase Energy Company 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.