Banco Santander S.A. Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Banco Santander S.A. increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,659 shares of the semiconductor company's stock after buying an additional 22,156 shares during the period. Banco Santander S.A. owned 0.05% of Enphase Energy worth $4,715,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Enphase Energy by 1.9% during the third 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 in the last quarter. Erste Asset Management GmbH bought a new stake in Enphase Energy in the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC lifted its stake in shares of 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 buying an additional 438,424 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company's stock worth $25,555,000 after purchasing an additional 31,008 shares during the last quarter. Finally, Swedbank AB raised its stake in Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after purchasing an additional 11,890 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENPH shares. BMO Capital Markets lowered their target price on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group dropped their price objective on Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. 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. JPMorgan Chase & Co. decreased their price objective on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their target price on Enphase Energy from $83.00 to $77.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $90.42.

Insiders Place Their Bets

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction dated 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 transaction, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.40% of the company's stock.

Enphase Energy Trading Down 4.0 %

NASDAQ:ENPH traded down $2.52 during mid-day trading on Tuesday, hitting $60.80. 1,111,076 shares of the stock traded hands, compared to its average volume of 4,365,500. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 82.00 and a beta of 2.12. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The firm's 50 day moving average is $64.45 and its two-hundred day moving average is $81.20.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data 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 research analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.