Jefferies Financial Group Inc. Sells 1,617,521 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Jefferies Financial Group Inc. lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 94.4% during the 4th quarter, Holdings Channel reports. The firm owned 95,153 shares of the semiconductor company’s stock after selling 1,617,521 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Enphase Energy were worth $6,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Enphase Energy by 72.7% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company’s stock worth $1,305,000 after buying an additional 8,000 shares during the period. Norges Bank purchased a new stake in Enphase Energy during the fourth quarter worth $46,339,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enphase Energy during the fourth quarter worth $5,324,000. Y Intercept Hong Kong Ltd purchased a new stake in Enphase Energy during the fourth quarter worth $584,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Enphase Energy by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock worth $64,354,000 after buying an additional 56,676 shares during the period. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of Enphase Energy 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 owns 78,524 shares in the company, valued at approximately $4,972,139.68. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of Enphase Energy stock in a transaction on Friday, April 25th. The shares were bought at an average price of $46.35 per share, with a total value of $185,400.00. Following the purchase, 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 disclosure for this purchase can be found here. 3.10% of the stock is currently owned by company insiders.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $50.80 on Monday. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 68.65 and a beta of 1.80. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The business has a fifty day moving average of $54.63 and a 200 day moving average of $63.64. Enphase Energy, Inc. has a 1 year low of $43.09 and a 1 year high of $141.63.

Analyst Ratings Changes

A number of research firms have weighed in on ENPH. Royal Bank of Canada restated a “sector perform” rating and set a $54.00 target price (down previously from $59.00) on shares of Enphase Energy in a report on Wednesday, April 23rd. TD Cowen lowered their target price on Enphase Energy from $78.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group lowered their target price on Enphase Energy from $90.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. DZ Bank lowered Enphase Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 23rd. Finally, Redburn Atlantic began coverage on Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.54.

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.