Caxton Associates LP Sells 10,072 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Caxton Associates LP decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 83.1% in the 1st quarter, Holdings Channel reports. The fund owned 2,049 shares of the semiconductor company’s stock after selling 10,072 shares during the quarter. Caxton Associates LP’s holdings in Enphase Energy were worth $248,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Enphase Energy by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after acquiring an additional 192,854 shares in the last quarter. Baillie Gifford & Co. grew its position in Enphase Energy by 387,343.1% in the fourth quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after purchasing an additional 4,078,723 shares in the last quarter. Northern Trust Corp grew its position in Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after purchasing an additional 3,940 shares in the last quarter. Norges Bank bought a new position in Enphase Energy in the fourth quarter valued at $149,425,000. Finally, Nordea Investment Management AB grew its position in Enphase Energy by 11.1% in the first quarter. Nordea Investment Management AB now owns 907,722 shares of the semiconductor company’s stock valued at $108,927,000 after purchasing an additional 90,558 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 3.2 %

NASDAQ:ENPH traded down $3.59 during mid-day trading on Tuesday, hitting $110.13. 1,749,951 shares of the company’s stock were exchanged, compared to its average volume of 4,181,498. The company has a 50 day simple moving average of $115.32 and a 200-day simple moving average of $115.30. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $156.67. The firm has a market capitalization of $14.91 billion, a P/E ratio of 58.71, a PEG ratio of 6.09 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm’s quarterly revenue was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. As a group, research analysts expect that Enphase Energy, Inc. will post 1.24 earnings per share for the current year.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the transaction, the chief financial officer now owns 62,973 shares of the company’s stock, valued at $6,564,305.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $40,429,624.78. Following the transaction, the director now owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mandy Yang purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the transaction, the chief financial officer now directly owns 62,973 shares in the company, valued at approximately $6,564,305.52. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENPH. Jefferies Financial Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. TD Cowen raised their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a research report on Wednesday, July 24th. Bank of America cut their price target on shares of Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Finally, Barclays cut their price target on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $128.53.

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.