Bokf Na Has $614,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Bokf Na reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 21.1% during the 4th quarter, HoldingsChannel reports. The fund owned 9,199 shares of the semiconductor company’s stock after selling 2,467 shares during the quarter. Bokf Na’s holdings in Enphase Energy were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its position in shares of Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy during the 4th quarter worth approximately $47,000. GeoWealth Management LLC boosted its position in Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 321 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $69,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Enphase Energy by 269.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 762 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ENPH. Morgan Stanley downgraded shares of Enphase Energy from an “equal weight” rating to an “underweight” rating and set a $36.00 target price for the company. in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their target price on Enphase Energy from $59.00 to $46.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 23rd. Citigroup reissued a “sell” rating and set a $47.00 price target on shares of Enphase Energy in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price target on Enphase Energy from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Craig Hallum dropped their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.54.

Enphase Energy Stock Performance

ENPH opened at $50.80 on Friday. The firm has a market cap of $6.67 billion, a P/E ratio of 68.65 and a beta of 1.80. The business’s fifty day moving average is $54.63 and its 200-day moving average is $63.86. Enphase Energy, Inc. has a 52-week low of $43.09 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Sell-side analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,598,696 shares in the company, valued at approximately $74,099,559.60. The trade was a 0.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mandy Yang sold 1,319 shares of the 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 trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

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.