Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,111 shares of the semiconductor company's stock after selling 11,734 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Enphase Energy were worth $351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Enphase Energy during the third quarter worth $1,273,000. Charles Schwab Investment Management Inc. increased its stake in 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 acquiring an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Enphase Energy during the third quarter worth $37,475,000. Mizuho Securities USA LLC increased its stake in Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock worth $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc increased its stake 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 acquiring an additional 31,008 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ENPH. Barclays cut their target price on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Susquehanna dropped their price objective on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets dropped their price objective on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. Finally, Hsbc Global Res cut Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $90.42.

Enphase Energy Stock Performance

Shares of ENPH traded up $1.75 during midday trading on Tuesday, reaching $65.69. 4,563,352 shares of the stock were exchanged, compared to its average volume of 3,843,109. The business's 50-day moving average price is $67.36 and its 200 day moving average price is $86.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 88.77, a PEG ratio of 8.78 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (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, sell-side analysts expect that Enphase Energy, Inc. will post 2.12 EPS for the current fiscal 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.