Swedbank AB Sells 1,147,423 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Swedbank AB decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,316,052 shares of the semiconductor company's stock after selling 1,147,423 shares during the period. Swedbank AB owned 1.71% of Enphase Energy worth $159,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Green Alpha Advisors LLC grew its position in Enphase Energy by 1.4% in the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company's stock valued at $808,000 after purchasing an additional 102 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Enphase Energy by 10.2% in the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company's stock valued at $128,000 after buying an additional 118 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Enphase Energy by 19.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 125 shares during the period. Empirical Finance LLC lifted its holdings in Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company's stock valued at $415,000 after purchasing an additional 137 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Enphase Energy by 5.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Up 1.9 %

Shares of Enphase Energy stock traded up $1.18 on Thursday, hitting $62.05. The company had a trading volume of 2,351,908 shares, compared to its average volume of 3,431,205. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a 50 day moving average of $69.38 and a 200-day moving average of $90.58. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 141.02, a P/E/G ratio of 7.79 and a beta of 1.68.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Janney Montgomery Scott cut Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 price target for the company. in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of Enphase Energy from a "hold" rating to an "underperform" rating and decreased their price target for the company from $93.00 to $61.00 in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $101.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Barclays cut their price objective on shares of Enphase Energy from $114.00 to $91.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Finally, BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 price target for the company. in a research report on Friday, November 8th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $93.43.

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.