Migdal Insurance & Financial Holdings Ltd. grew its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 3,836.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,345 shares of the semiconductor company's stock after buying an additional 269,325 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.20% of Enphase Energy worth $18,979,000 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. Redwood Wealth Management Group LLC lifted its position in shares of Enphase Energy by 12.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,067 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 579 shares in the last quarter. Tempus Wealth Planning LLC purchased a new stake in Enphase Energy during the 4th quarter worth approximately $224,000. Golden State Equity Partners lifted its holdings in Enphase Energy by 1,123.3% during the 4th quarter. Golden State Equity Partners now owns 3,156 shares of the semiconductor company's stock worth $217,000 after buying an additional 2,898 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Enphase Energy by 12.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,719 shares of the semiconductor company's stock valued at $324,000 after buying an additional 540 shares during the period. Finally, Everett Harris & Co. CA acquired a new position in shares of Enphase Energy in the fourth quarter worth $237,000. Hedge funds and other institutional investors own 72.12% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Raymond James reduced their price objective on Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Truist Financial reiterated a "hold" rating and issued a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Hsbc Global Res downgraded Enphase Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. StockNews.com raised shares of Enphase Energy from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group cut shares of Enphase Energy from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $90.42.
Read Our Latest Stock Analysis on Enphase Energy
Enphase Energy Stock Performance
Enphase Energy stock traded down $2.98 during mid-day trading on Friday, reaching $63.53. 4,130,298 shares of the company were exchanged, compared to its average volume of 3,922,024. The firm has a market cap of $8.58 billion, a PE ratio of 144.39, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm's 50-day simple moving average is $68.61 and its two-hundred day simple moving average is $88.50. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Equities analysts predict that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.
Enphase Energy Profile
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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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