Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Quaero Capital S.A.

Quaero Capital S.A. decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 34.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,643 shares of the semiconductor company’s stock after selling 8,752 shares during the quarter. Quaero Capital S.A.’s holdings in Enphase Energy were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in shares of Enphase Energy by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after purchasing an additional 58,040 shares during the period. Swedbank AB lifted its position in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Geode Capital Management LLC lifted its position in Enphase Energy by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after acquiring an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Enphase Energy by 6.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock worth $265,609,000 after acquiring an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada lowered their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, November 22nd. Roth Mkm reduced their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Northland Securities reduced their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Finally, Canaccord Genuity Group downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Stock Up 2.2 %

Shares of ENPH opened at $63.94 on Friday. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The stock’s 50-day moving average price is $67.61 and its two-hundred day moving average price is $86.71. The company has a market capitalization of $8.64 billion, a PE ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Enphase Energy, Inc. will post 2.12 EPS for the current year.

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.