Enphase Energy, Inc. (NASDAQ:ENPH) Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 53.4% during the 4th quarter, HoldingsChannel reports. The firm owned 91,749 shares of the semiconductor company’s stock after acquiring an additional 31,954 shares during the period. Vontobel Holding Ltd.’s holdings in Enphase Energy were worth $6,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC raised its stake in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy during the 3rd quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy during the 3rd quarter valued at $34,000. Quarry LP bought a new stake in Enphase Energy during the 3rd quarter valued at $37,000. Finally, Blue Trust Inc. raised its stake in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 228 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ENPH shares. Citigroup lifted their target price on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Craig Hallum lowered their price target on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from $154.00 to $81.00 in a research report on Friday, November 8th. TD Cowen lowered their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, The Goldman Sachs Group lowered their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $63.94 on Friday. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 86.41, a P/E/G ratio of 8.78 and a beta of 1.68. The stock’s fifty day simple moving average is $67.61 and its 200-day simple moving average is $86.55.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) 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%. On average, sell-side analysts predict that Enphase Energy, Inc. will post 2.12 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.