National Bank of Canada FI Buys 25,261 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

National Bank of Canada FI lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 59.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,720 shares of the semiconductor company's stock after purchasing an additional 25,261 shares during the period. National Bank of Canada FI owned about 0.05% of Enphase Energy worth $7,654,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. increased its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter valued at approximately $34,000. Finally, Quarry LP bought a new position in shares of Enphase Energy in the third quarter worth approximately $37,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Down 1.7 %

NASDAQ:ENPH traded down $1.23 on Thursday, reaching $73.00. 1,987,031 shares of the stock traded hands, compared to its average volume of 4,032,737. The company's fifty day simple moving average is $80.07 and its 200 day simple moving average is $102.25. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 168.70, a PEG ratio of 21.24 and a beta of 1.69. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million during the quarter, compared to analysts' expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy's revenue was down 30.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities analysts predict that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the subject of a number of recent analyst reports. Craig Hallum dropped their price target on shares of Enphase Energy from $153.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enphase Energy from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Northland Securities reduced their price target on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, November 19th. TD Cowen dropped their price objective on Enphase Energy from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, Oppenheimer reduced their target price on Enphase Energy from $134.00 to $101.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $101.13.

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.