Fagan Associates Inc. lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,955 shares of the semiconductor company's stock after selling 7,510 shares during the period. Fagan Associates Inc.'s holdings in Enphase Energy were worth $1,508,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. raised its stake in Enphase Energy by 32.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company's stock worth $574,975,000 after buying an additional 2,028,691 shares during the last quarter. Swedbank AB raised 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 raised its stake in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Enphase Energy by 6.5% during 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 worth $265,609,000 after buying an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after buying an additional 1,258,778 shares during the last quarter. Institutional investors own 72.12% of the company's stock.
ENPH opened at $65.69 on Wednesday. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 88.77 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The company's 50-day moving average price is $67.18 and its two-hundred day moving average price is $85.75.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results 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, equities analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.
ENPH has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Guggenheim raised shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 price target for the company in a research note on Friday, January 31st. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Citigroup lifted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Finally, Bank of America decreased their price target on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research note on Thursday, November 7th. Three 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. Based on data from MarketBeat, Enphase Energy has a consensus rating of "Hold" and an average target price of $90.42.
Get Our Latest Research Report on Enphase Energy
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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