ProShare Advisors LLC Buys 3,134 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

ProShare Advisors LLC increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,356 shares of the semiconductor company’s stock after purchasing an additional 3,134 shares during the period. ProShare Advisors LLC’s holdings in Enphase Energy were worth $3,184,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Enphase Energy by 72.7% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company’s stock valued at $1,305,000 after purchasing an additional 8,000 shares during the period. Norges Bank acquired a new position in Enphase Energy in the 4th quarter valued at $46,339,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Enphase Energy in the 4th quarter valued at $5,324,000. Y Intercept Hong Kong Ltd acquired a new position in Enphase Energy in the 4th quarter valued at $584,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Enphase Energy by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock valued at $64,354,000 after buying an additional 56,676 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 of the company’s stock, valued at $4,972,139.68. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ENPH shares. Morgan Stanley lowered shares of Enphase Energy from an “equal weight” rating to an “underweight” rating and set a $36.00 target price on the stock. in a research note on Wednesday, April 23rd. Barclays lowered shares of Enphase Energy from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $51.00 to $40.00 in a research note on Tuesday, May 13th. Glj Research reduced their price target on shares of Enphase Energy from $50.69 to $31.11 and set a “sell” rating for the company in a report on Friday, April 25th. BNP Paribas Exane downgraded shares of Enphase Energy from a “neutral” rating to an “underperform” rating and set a $40.00 price target for the company. in a report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price target on shares of Enphase Energy from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.87.

Enphase Energy Trading Down 3.2%

Shares of ENPH stock opened at $48.78 on Tuesday. Enphase Energy, Inc. has a 12-month low of $43.09 and a 12-month high of $141.63. The company has a market capitalization of $6.40 billion, a P/E ratio of 65.92 and a beta of 1.80. The firm has a 50-day moving average price of $53.21 and a 200 day moving average price of $62.17. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

About Enphase Energy

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.