Quintet Private Bank Europe S.A. Sells 8,232 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Quintet Private Bank Europe S.A. reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,188 shares of the semiconductor company's stock after selling 8,232 shares during the period. Quintet Private Bank Europe S.A. owned 0.12% of Enphase Energy worth $11,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares in the last quarter. Swedbank AB lifted its holdings 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 acquiring an additional 11,890 shares during the period. Geode Capital Management LLC boosted its position in Enphase Energy by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock worth $381,030,000 after purchasing an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock valued at $265,609,000 after purchasing an additional 142,491 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Trading Up 1.4 %

NASDAQ ENPH traded up $0.79 on Wednesday, hitting $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 current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63. The firm has a market cap of $7.77 billion, a P/E ratio of 79.26 and a beta of 1.68. The company's 50-day simple moving average is $65.24 and its 200 day simple moving average is $82.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) 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%. Research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research analyst reports. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a report on Friday, December 20th. Morgan Stanley dropped their target price on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Susquehanna lowered their price target on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Northland Securities dropped their price objective on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 19th. Finally, Craig Hallum decreased their target price on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Enphase Energy presently has a consensus rating of "Hold" and an average price target of $90.42.

About Enphase Energy

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.