Saturna Capital Corp Has $447,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Saturna Capital Corp raised its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 123.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,515 shares of the semiconductor company’s stock after buying an additional 3,605 shares during the quarter. Saturna Capital Corp’s holdings in Enphase Energy were worth $447,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after buying an additional 16,234 shares during the period. Erste Asset Management GmbH acquired a new position in Enphase Energy in the 3rd quarter worth $37,475,000. Mizuho Securities USA LLC increased its holdings in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Enphase Energy by 15.9% in the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after purchasing an additional 31,008 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after purchasing an additional 11,890 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now directly owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $60.83 on Wednesday. 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 firm has a market cap of $8.06 billion, a price-to-earnings ratio of 82.20 and a beta of 2.12. The stock’s fifty day moving average price is $64.15 and its two-hundred day moving average price is $80.39. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ENPH. Oppenheimer upped their price target on Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. BMO Capital Markets decreased their target price on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Redburn Atlantic started coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.42.

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.