Zurcher Kantonalbank Zurich Cantonalbank Has $3.26 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,526 shares of the semiconductor company’s stock after buying an additional 3,911 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enphase Energy were worth $3,264,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Empirical Finance LLC boosted its stake in Enphase Energy by 3.9% in the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 137 shares in the last quarter. Gould Capital LLC boosted its stake in Enphase Energy by 2.1% in the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock valued at $1,153,000 after buying an additional 212 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Enphase Energy by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 53,032 shares of the semiconductor company’s stock valued at $5,994,000 after buying an additional 228 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its stake in Enphase Energy by 6.8% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company’s stock valued at $513,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 0.2 %

NASDAQ:ENPH opened at $58.13 on Friday. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 78.56 and a beta of 2.12. The stock has a 50-day moving average price of $63.40 and a two-hundred day moving average price of $79.34.

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, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on ENPH. TD Cowen decreased their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. OTR Global upgraded Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada cut their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.42.

Insider Buying and Selling at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the company’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 transaction, the chief financial officer now directly owns 78,524 shares of the company’s stock, valued at $4,972,139.68. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following 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 disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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.