Sigma Planning Corp Sells 479 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)



Sigma Planning Corp decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 21.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,792 shares of the semiconductor company’s stock after selling 479 shares during the period. Sigma Planning Corp’s holdings in Enphase Energy were worth $362,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ENPH. American National Bank grew its position in Enphase Energy by 80.5% during the fourth quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after buying an additional 66 shares in the last quarter. IFM Investors Pty Ltd grew its position in Enphase Energy by 0.5% during the fourth quarter. IFM Investors Pty Ltd now owns 16,382 shares of the semiconductor company’s stock worth $2,997,000 after buying an additional 78 shares in the last quarter. Ellevest Inc. lifted its stake in Enphase Energy by 73.1% during the first quarter. Ellevest Inc. now owns 206 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 87 shares during the last quarter. Spearhead Capital Advisors LLC lifted its stake in Enphase Energy by 3.4% during the fourth quarter. Spearhead Capital Advisors LLC now owns 2,886 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 96 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Enphase Energy by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the semiconductor company’s stock worth $1,555,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Shares of Enphase Energy stock opened at $216.45 on Friday. The company has a current ratio of 3.44, a quick ratio of 3.22 and a debt-to-equity ratio of 3.62. The business has a 50-day moving average price of $182.19 and a two-hundred day moving average price of $171.26. Enphase Energy, Inc. has a 1-year low of $113.40 and a 1-year high of $282.46. The company has a market cap of $29.23 billion, a P/E ratio of 185.00, a PEG ratio of 2.13 and a beta of 1.37.

Enphase Energy (NASDAQ:ENPH – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $441.29 million during the quarter, compared to the consensus estimate of $434.21 million. Enphase Energy had a return on equity of 45.30% and a net margin of 10.88%. During the same period last year, the business posted $0.48 EPS. Equities research analysts forecast that Enphase Energy, Inc. will post 2.35 EPS for the current fiscal year.

ENPH has been the subject of several recent analyst reports. Credit Suisse Group upped their target price on Enphase Energy from $163.00 to $174.00 in a research note on Thursday, April 28th. StockNews.com initiated coverage on Enphase Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. Craig Hallum dropped their price target on Enphase Energy from $241.00 to $213.00 in a research note on Wednesday, April 27th. Cowen increased their price target on Enphase Energy from $227.00 to $240.00 in a research note on Wednesday, April 27th. Finally, B. Riley increased their price target on Enphase Energy from $155.00 to $171.00 in a research note on Wednesday, April 27th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.41.

In other news, CEO Badrinarayanan Kothandaraman sold 77,700 shares of the firm’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $196.42, for a total value of $15,261,834.00. Following the completion of the sale, the chief executive officer now directly owns 1,097,701 shares in the company, valued at approximately $215,610,430.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin John Kortlang sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $197.89, for a total value of $4,947,250.00. Following the completion of the sale, the director now owns 249,289 shares of the company’s stock, valued at $49,331,800.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,850 shares of company stock valued at $30,289,084. 4.80% of the stock is currently owned by company insiders.

Enphase Energy Profile (Get Rating)

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 services.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)



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