MetLife Investment Management LLC Buys 361 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

MetLife Investment Management LLC increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,504 shares of the semiconductor company’s stock after buying an additional 361 shares during the period. MetLife Investment Management LLC’s holdings in Enphase Energy were worth $2,850,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Enphase Energy during the 3rd quarter valued at about $239,000. Tidal Investments LLC boosted its position in Enphase Energy by 121.4% in the 3rd quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock valued at $13,893,000 after buying an additional 67,411 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in Enphase Energy in the third quarter valued at about $292,000. GAMMA Investing LLC raised its stake in shares of Enphase Energy by 131.9% during the fourth quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company’s stock worth $339,000 after buying an additional 2,810 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Enphase Energy in the 4th quarter valued at $470,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 2.4 %

Shares of ENPH opened at $46.83 on Friday. Enphase Energy, Inc. has a one year low of $44.83 and a one year high of $141.63. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The stock has a 50 day moving average price of $57.84 and a 200 day moving average price of $67.02.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities research analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on ENPH shares. Redburn Atlantic began coverage on shares of Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating for the company. Barclays cut their target price on shares of Enphase Energy from $58.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday. TD Cowen dropped 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. Guggenheim reissued a “sell” rating and set a $33.00 price target on shares of Enphase Energy in a research report on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of Enphase Energy from $59.00 to $46.00 and set a “market perform” rating for the company in a research report on Wednesday. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.54.

Insider Buying and Selling

In other news, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company 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.