Vontobel Holding Ltd. Sells 51,917 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Vontobel Holding Ltd. cut its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 56.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,832 shares of the semiconductor company’s stock after selling 51,917 shares during the period. Vontobel Holding Ltd.’s holdings in Enphase Energy were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Enphase Energy by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company’s stock worth $1,135,707,000 after acquiring an additional 44,782 shares during the last quarter. Invesco Ltd. raised its stake in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company’s stock worth $313,034,000 after acquiring an additional 1,378,978 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Enphase Energy by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company’s stock worth $234,994,000 after acquiring an additional 47,593 shares during the last quarter. Northern Trust Corp raised its stake in shares of Enphase Energy by 40.9% in the fourth quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company’s stock worth $114,614,000 after acquiring an additional 484,497 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Enphase Energy by 29.6% in the fourth quarter. Schroder Investment Management Group now owns 1,451,414 shares of the semiconductor company’s stock worth $99,683,000 after acquiring an additional 331,917 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $42.48 on Friday. The firm has a market capitalization of $5.57 billion, a P/E ratio of 39.33 and a beta of 1.67. The firm’s fifty day moving average price is $43.09 and its two-hundred day moving average price is $55.63. Enphase Energy, Inc. has a 1 year low of $33.01 and a 1 year high of $130.08. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $46.35 per share, with a total value of $185,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,598,696 shares of the company’s stock, valued at $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ENPH has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Enphase Energy from $47.00 to $43.00 and set a “sell” rating for the company in a research note on Thursday, June 5th. KeyCorp reissued an “underweight” rating and set a $31.00 price target on shares of Enphase Energy in a research note on Tuesday, June 17th. Morgan Stanley downgraded shares of Enphase Energy from an “equal weight” rating to an “underweight” rating and set a $36.00 price target for the company. in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Enphase Energy from $65.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, June 20th. Finally, Mizuho set a $53.00 price target on shares of Enphase Energy and gave the stock an “outperform” rating in a research note on Monday, June 2nd. Twelve analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.44.

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.