Bank Pictet & Cie Europe AG trimmed its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,019 shares of the semiconductor company's stock after selling 4,661 shares during the period. Bank Pictet & Cie Europe AG's holdings in Enphase Energy were worth $1,444,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after buying an additional 279 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth $34,000. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth $34,000. Quarry LP bought a new position in shares of Enphase Energy in the 3rd quarter worth $37,000. Finally, Blue Trust Inc. boosted its position in shares of Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 228 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.
Enphase Energy Stock Performance
Shares of NASDAQ:ENPH traded up $2.77 during trading on Wednesday, reaching $68.44. 2,678,376 shares of the stock were exchanged, compared to its average volume of 3,836,436. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The firm has a market cap of $9.07 billion, a PE ratio of 92.62 and a beta of 1.68. The stock has a 50-day moving average price of $67.18 and a 200-day moving average price of $85.75. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.62% and a net margin of 7.72%. Research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.
Analyst Ratings Changes
ENPH has been the topic of several recent research reports. Barclays reduced their price target on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Evercore ISI reduced their target price on Enphase Energy from $133.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. BNP Paribas lowered Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 target price on the stock. in a report on Friday, November 8th. HSBC lowered Enphase Energy from a "buy" rating to a "hold" rating and reduced their target price for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Finally, Glj Research reiterated a "sell" rating and set a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $90.42.
View Our Latest Stock Report on ENPH
About Enphase Energy
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Free Report)
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.
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