Enphase Energy, Inc. (NASDAQ:ENPH) Position Boosted by Swiss National Bank

Swiss National Bank lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 403,800 shares of the semiconductor company’s stock after purchasing an additional 1,800 shares during the quarter. Swiss National Bank owned 0.30% of Enphase Energy worth $45,637,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy during the third quarter worth $34,000. Quest Partners LLC lifted its holdings in shares of Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares during the period. Finally, Mather Group LLC. increased its stake in Enphase Energy by 1,727.6% in the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $63.38 on Thursday. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 144.05, a PEG ratio of 18.32 and a beta of 1.77. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The business has a fifty day simple moving average of $92.65 and a 200 day simple moving average of $106.79. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Sell-side analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ENPH shares. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a research note on Wednesday, October 23rd. Bank of America decreased their price objective on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. Janney Montgomery Scott cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 23rd. Jefferies Financial Group lowered Enphase Energy from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, Roth Mkm dropped their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $102.09.

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.