Vontobel Holding Ltd. Has $6.30 Million Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Vontobel Holding Ltd. lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,749 shares of the semiconductor company's stock after purchasing an additional 31,954 shares during the period. Vontobel Holding Ltd. owned about 0.07% of Enphase Energy worth $6,301,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ENPH. Harbor Capital Advisors Inc. acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $1,273,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Enphase Energy during the 3rd quarter worth $37,475,000. Mizuho Securities USA LLC increased its holdings in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock valued at $50,737,000 after buying an additional 438,424 shares in the last quarter. Finally, Impax Asset Management Group plc raised its holdings in Enphase Energy by 15.9% during the third 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. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Trading Up 1.0 %

NASDAQ:ENPH traded up $0.66 on Wednesday, reaching $66.33. The company's stock had a trading volume of 5,093,961 shares, compared to its average volume of 3,914,574. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The business's 50-day moving average price is $67.18 and its two-hundred day moving average price is $85.75. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The firm has a market cap of $8.79 billion, a PE ratio of 89.63 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several recent research reports. Truist Financial restated a "hold" rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Janney Montgomery Scott lowered Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Glj Research reaffirmed a "sell" rating and issued a $50.69 target price on shares of Enphase Energy in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup increased their price target on Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $90.42.

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.