SBI Securities Co. Ltd. Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

SBI Securities Co. Ltd. purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,248 shares of the semiconductor company's stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Metis Global Partners LLC increased its position in Enphase Energy by 41.1% in the fourth quarter. Metis Global Partners LLC now owns 24,938 shares of the semiconductor company's stock worth $1,713,000 after buying an additional 7,263 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Enphase Energy by 72.7% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock worth $1,305,000 after purchasing an additional 8,000 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Enphase Energy during the fourth quarter worth about $242,000. Proficio Capital Partners LLC purchased a new stake in shares of Enphase Energy during the fourth quarter worth about $1,528,000. Finally, Oppenheimer & Co. Inc. grew its position in shares of Enphase Energy by 21.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,662 shares of the semiconductor company's stock worth $732,000 after purchasing an additional 1,879 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

Analyst Upgrades and Downgrades

ENPH has been the subject of several research analyst reports. Northland Securities cut their target price on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, November 19th. Craig Hallum cut 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. Morgan Stanley cut their target price on Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their price target on Enphase Energy from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Truist Financial reissued a "hold" rating and set a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $90.42.

Enphase Energy Trading Up 1.4 %

ENPH traded up $0.79 during trading on Wednesday, hitting $58.65. 3,719,678 shares of the stock were exchanged, compared to its average volume of 4,381,948. The firm has a 50 day simple moving average of $65.24 and a 200 day simple moving average of $82.44. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 79.26 and a beta of 1.68. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data 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 15.62% and a net margin of 7.72%. As a group, equities analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.