Generali Investments Towarzystwo Funduszy Inwestycyjnych Raises Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,000 shares of the semiconductor company's stock after purchasing an additional 8,000 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Enphase Energy were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENPH. Swedbank AB raised its position in shares of Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares during the last quarter. Blue Trust Inc. raised its holdings in Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 228 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Enphase Energy in the 3rd quarter worth approximately $6,387,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Enphase Energy by 19.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,111 shares of the semiconductor company's stock worth $804,000 after purchasing an additional 1,156 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Enphase Energy by 6.6% in the third quarter. State of Alaska Department of Revenue now owns 15,729 shares of the semiconductor company's stock valued at $1,777,000 after purchasing an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

Analyst Ratings Changes

ENPH has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Bank of America lowered their price target on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating on the stock in a research report on Thursday, November 7th. Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. Truist Financial reiterated a "hold" rating and issued a $65.00 target price (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Finally, HSBC cut shares of Enphase Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from $154.00 to $81.00 in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average price target of $90.42.

Enphase Energy Stock Performance

Shares of ENPH stock traded down $4.46 during mid-day trading on Monday, hitting $52.87. 6,995,563 shares of the stock were exchanged, compared to its average volume of 4,320,853. Enphase Energy, Inc. has a 12-month low of $52.66 and a 12-month high of $141.63. 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 stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 71.45 and a beta of 1.68. The stock's fifty day simple moving average is $65.95 and its two-hundred day simple moving average is $83.31.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 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 forecast that Enphase Energy, Inc. will post 2.08 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.