Metis Global Partners LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 41.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,938 shares of the semiconductor company's stock after buying an additional 7,263 shares during the quarter. Metis Global Partners LLC's holdings in Enphase Energy were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in Enphase Energy by 19.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company's stock valued at $87,000 after buying an additional 125 shares during the period. Empirical Finance LLC raised its stake in shares of Enphase Energy by 3.9% in the third quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company's stock valued at $415,000 after acquiring an additional 137 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Enphase Energy by 5.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 153 shares during the period. Farther Finance Advisors LLC grew its stake in Enphase Energy by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company's stock worth $123,000 after purchasing an additional 174 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Enphase Energy by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company's stock worth $6,206,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.
Enphase Energy Stock Performance
ENPH traded up $0.79 during trading on Wednesday, reaching $58.65. The company's stock had a trading volume of 3,719,678 shares, compared to its average volume of 4,381,948. 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 company's fifty day moving average price is $65.24 and its 200-day moving average price is $82.44. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 79.26 and a beta of 1.68.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly 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 net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on ENPH shares. Hsbc Global Res cut Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, November 22nd. HSBC cut Enphase Energy from a "buy" rating to a "hold" rating and cut their price target for the company from $154.00 to $81.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their price objective on Enphase Energy from $112.00 to $91.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, Bank of America cut their target price on Enphase Energy from $72.00 to $62.00 and set an "underperform" rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and an average price target of $90.42.
View Our Latest Stock Report on Enphase Energy
About Enphase Energy
(
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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