Y.D. More Investments Ltd Sells 4,450 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Y.D. More Investments Ltd trimmed its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,090 shares of the semiconductor company's stock after selling 4,450 shares during the period. Y.D. More Investments Ltd's holdings in Enphase Energy were worth $624,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in shares of Enphase Energy by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company's stock worth $716,897,000 after purchasing an additional 58,040 shares during the last quarter. Swedbank AB grew its stake 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 buying an additional 11,890 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Enphase Energy by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock worth $381,030,000 after buying an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Enphase Energy by 6.5% in the third 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 acquiring an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENPH has been the subject of several research analyst reports. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Glj Research reaffirmed a "sell" rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday. Piper Sandler decreased their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company dropped their target price 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. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $76.00 price target on shares of Enphase Energy in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $93.22.

Enphase Energy Price Performance

NASDAQ ENPH opened at $66.25 on Wednesday. The firm's 50 day moving average is $69.02 and its 200-day moving average is $89.11. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.95 billion, a PE ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results 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 10.56% and a net margin of 4.91%. Equities research analysts anticipate that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal 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.

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