Royal London Asset Management Ltd. Grows Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Royal London Asset Management Ltd. lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,467 shares of the semiconductor company’s stock after purchasing an additional 7,615 shares during the period. Royal London Asset Management Ltd.’s holdings in Enphase Energy were worth $4,428,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings 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 worth $32,000 after buying an additional 279 shares during the period. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter valued at approximately $34,000. Quarry LP purchased a new stake in Enphase Energy in the third quarter worth $37,000. Venturi Wealth Management LLC boosted its holdings in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 509 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Enphase Energy during the 3rd quarter valued at $55,000. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total value 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. Corporate insiders own 3.40% of the company’s stock.

Enphase Energy Trading Down 0.2 %

NASDAQ:ENPH opened at $61.54 on Monday. The company has a market cap of $8.15 billion, a PE ratio of 83.16 and a beta of 2.12. 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 company has a 50 day simple moving average of $62.60 and a two-hundred day simple moving average of $77.06. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 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%. Research analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ENPH. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Citigroup lifted their price objective on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum reduced their target price on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Barclays lowered their target price on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $90.42.

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.