Rockefeller Capital Management L.P. Purchases 3,534 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Rockefeller Capital Management L.P. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,379 shares of the semiconductor company’s stock after buying an additional 3,534 shares during the period. Rockefeller Capital Management L.P.’s holdings in Enphase Energy were worth $6,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Enphase Energy during the 4th quarter valued at about $47,000. Sava Infond d.o.o. purchased a new stake in Enphase Energy in the 4th quarter valued at about $69,000. Avior Wealth Management LLC increased its position in shares of Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $96,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Redburn Atlantic started coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They set a “neutral” rating on the stock. Wells Fargo & Company lowered their price target on shares of Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Oppenheimer boosted their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and an average target price of $85.09.

Insider Activity

In related news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $52.54 on Friday. 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 stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 71.00 and a beta of 1.94. The firm’s 50 day simple moving average is $59.53 and its 200-day simple moving average is $69.68. Enphase Energy, Inc. has a 12 month low of $47.48 and a 12 month high of $141.63.

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

Enphase Energy Company 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.