Mizuho Securities USA LLC Purchases 438,424 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Securities USA LLC increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 4,177.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 448,918 shares of the semiconductor company's stock after buying an additional 438,424 shares during the period. Mizuho Securities USA LLC owned about 0.33% of Enphase Energy worth $50,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Enphase Energy during the 3rd quarter worth approximately $1,273,000. Swedbank AB boosted its position in 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 purchasing an additional 11,890 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company's stock valued at $25,555,000 after purchasing an additional 31,008 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Enphase Energy in the third quarter valued at $6,387,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Enphase Energy by 48.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock worth $10,658,000 after buying an additional 29,013 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Down 6.4 %

Shares of ENPH traded down $4.04 during trading hours on Friday, hitting $59.52. 6,882,178 shares of the company were exchanged, compared to its average volume of 4,042,153. The firm's 50 day moving average is $95.27 and its 200-day moving average is $107.76. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a 52 week low of $59.12 and a 52 week high of $141.63. The company has a market cap of $8.04 billion, a PE ratio of 135.27, a PEG ratio of 6.80 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company's revenue for the quarter was down 30.9% on a year-over-year basis. On average, equities research analysts forecast that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ENPH. Raymond James lowered their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. William Blair started coverage on shares of Enphase Energy in a research note on Thursday, August 29th. They set a "market perform" rating for the company. HSBC lowered Enphase Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from $154.00 to $81.00 in a research note on Friday, November 8th. Jefferies Financial Group downgraded Enphase Energy from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Finally, Northland Securities decreased their price objective on Enphase Energy from $150.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Four 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $102.76.

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.