Enphase Energy, Inc. (NASDAQ:ENPH) Stake Boosted by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 36.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,875 shares of the semiconductor company's stock after purchasing an additional 82,766 shares during the quarter. Impax Asset Management Group plc owned about 0.23% of Enphase Energy worth $21,214,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after buying an additional 1,258,778 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Enphase Energy by 4,177.9% in 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. Aspex Management HK Ltd acquired a new stake in Enphase Energy during the 3rd quarter worth $48,442,000. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Enphase Energy by 93.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company's stock valued at $99,295,000 after purchasing an additional 424,327 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

ENPH traded down $3.86 during trading on Friday, reaching $57.33. 18,712,600 shares of the company were exchanged, compared to its average volume of 4,249,774. Enphase Energy, Inc. has a 52 week low of $56.83 and a 52 week high of $141.63. The stock has a market cap of $7.59 billion, a P/E ratio of 77.47 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $66.23 and a 200 day moving average of $84.06.

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%. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENPH. The Goldman Sachs Group reduced their price objective on Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. BMO Capital Markets lowered their price target on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group cut shares of Enphase Energy from a "hold" rating to an "underperform" rating and cut their price objective for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Barclays decreased their target price on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Hsbc Global Res downgraded shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and a consensus price target of $90.42.

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.