LGT Group Foundation Sells 31,507 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

LGT Group Foundation lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,288 shares of the semiconductor company's stock after selling 31,507 shares during the quarter. LGT Group Foundation's holdings in Enphase Energy were worth $3,316,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its holdings in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock valued at $574,975,000 after buying an additional 2,028,691 shares during the period. Swedbank AB raised its holdings in shares of Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after acquiring an additional 11,890 shares during the period. Geode Capital Management LLC boosted its stake in Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock worth $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock worth $265,609,000 after purchasing an additional 142,491 shares during the period. Finally, Nordea Investment Management AB increased its holdings in 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 worth $155,360,000 after purchasing an additional 1,258,778 shares in 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 recently weighed in on ENPH. Morgan Stanley reduced their price objective 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. Hsbc Global Res downgraded Enphase Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. TD Cowen cut their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Finally, Northland Securities reduced their target price on shares of Enphase Energy from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.42.

Enphase Energy Stock Performance

NASDAQ:ENPH traded up $0.36 during mid-day trading on Wednesday, hitting $58.22. 2,237,796 shares of the stock were exchanged, compared to its average volume of 4,343,602. The firm's 50-day simple moving average is $65.24 and its 200 day simple moving average is $82.44. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 78.71 and a beta of 1.68. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week 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.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.