Shares of Enphase Energy, Inc. (NASDAQ:ENPH) sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in Enphase Energy, Inc. (NASDAQ:ENPH – Free Report) by 25.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,138 shares of the semiconductor company’s stock after selling 3,178 shares during the period. The holdings of Atria Wealth Solutions Inc. holdings in Enphase Energy were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have recently added to or reduced their stakes in ENPH. Westfield Capital Management Co. LP purchased a new position in Enphase Energy during the 4th quarter valued at about $41,068,000. Northern Trust Corp grew its stake in Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after buying another 3,940 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Enphase Energy by 48.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock valued at $10,658,000 after buying an additional 29,013 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Enphase Energy by 364.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 108,674 shares of the semiconductor company’s stock worth $13,147,000 after buying an additional 85,284 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Enphase Energy by 279.6% in the first quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock valued at $2,934,000 after acquiring an additional 17,861 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s shares.

Analyst upgrades and downgrades

ENPH has been the subject of several research reports. Piper Sandler boosted their price target on Enphase Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. HSBC raised Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a research note on Monday, June 10th. Glj Research began coverage on shares of Enphase Energy in a research note on Tuesday, June 25th. They issued a “sell” rating and a $45.82 price objective on the stock. Barclays cut their price target on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group cut their price target on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $128.76, according to MarketBeat.

See our latest report on ENPH

Insider buying and selling at Enphase Energy

In other news, Director Thurman J. Rodgers sold 319,526 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the transaction, the director now directly owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Thurman J. Rodgers sold 319,526 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the transaction, the director now owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s shares.

Enphase Energy trading up 6.5%

NASDAQ:ENPH opened at $123.00 on Friday. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 64.06, a P/E/G ratio of 5.59 and a beta of 1.71. The company has a current ratio of 4.23, a quick ratio of 3.90, and a debt-to-equity ratio of 1.36. The company has a 50-day moving average price of $109.59 and a 200-day moving average price of $116.01. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The firm had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The company’s quarterly revenue was down 57.3% year-over-year. During the same period last year, the company posted earnings of $1.16 per share. Equities analysts predict that Enphase Energy, Inc. will post 1.24 EPS for the current year.

About Enphase Energy

(Free report)

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 microinverters that convert energy at the individual solar module level and combine with its proprietary network and software technologies to provide energy monitoring and control.

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