Natixis Acquires 80,219 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 191.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,182 shares of the semiconductor company's stock after buying an additional 80,219 shares during the quarter. Natixis owned approximately 0.09% of Enphase Energy worth $8,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENPH. Wilmington Savings Fund Society FSB bought a new position in Enphase Energy in the third quarter valued at about $239,000. Tidal Investments LLC raised its holdings in Enphase Energy by 121.4% in the 3rd quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company's stock valued at $13,893,000 after buying an additional 67,411 shares during the last quarter. Peapack Gladstone Financial Corp bought a new stake in Enphase Energy during the 3rd quarter worth approximately $292,000. GAMMA Investing LLC grew its stake in shares of Enphase Energy by 131.9% in the fourth quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company's stock worth $339,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Enphase Energy during the 4th quarter worth about $470,000. Institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded up $1.08 during trading on Friday, hitting $46.83. The company's stock had a trading volume of 4,621,832 shares, compared to its average volume of 4,051,761. The company has a 50-day moving average of $58.22 and a 200-day moving average of $67.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 63.28 and a beta of 1.94. Enphase Energy, Inc. has a 12 month low of $44.69 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Activity at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ENPH. Canaccord Genuity Group lowered their price target on shares of Enphase Energy from $70.00 to $58.00 and set a "buy" rating for the company in a report on Thursday. BMO Capital Markets reduced their price objective on shares of Enphase Energy from $59.00 to $46.00 and set a "market perform" rating for the company in a research report on Wednesday. Guggenheim reiterated a "sell" rating and set a $33.00 target price on shares of Enphase Energy in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Enphase Energy from $75.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Citigroup reaffirmed a "sell" rating and issued a $47.00 target price on shares of Enphase Energy in a research report on Thursday, April 17th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of "Hold" and an average target price of $70.54.

Enphase Energy Company 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.