Union Bancaire Privee UBP SA Takes $824,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Union Bancaire Privee UBP SA bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,422 shares of the semiconductor company's stock, valued at approximately $824,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 279 shares during the period. Stone House Investment Management LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $34,000. Quarry LP purchased a new stake in shares of Enphase Energy during the 3rd quarter valued at $37,000. Venturi Wealth Management LLC increased its holdings in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 228 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Down 6.3 %

Enphase Energy stock traded down $3.86 during mid-day trading on Friday, hitting $57.33. 18,711,799 shares of the company's stock were exchanged, compared to its average volume of 4,249,774. Enphase Energy, Inc. has a 1-year low of $56.83 and a 1-year high of $141.63. The stock has a 50 day moving average of $66.23 and a two-hundred day moving average of $84.06. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.59 billion, a P/E ratio of 77.47 and a beta of 1.68.

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 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%. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENPH. Wells Fargo & Company reduced their price target on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Susquehanna decreased their price objective on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. TD Cowen reduced their price target on shares of Enphase Energy from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Bank of America decreased their target price on Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research note on Thursday, November 7th. 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 report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $90.42.

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.