Impax Asset Management Group plc Boosts Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Impax Asset Management Group plc grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 36.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,875 shares of the semiconductor company’s stock after buying an additional 82,766 shares during the period. Impax Asset Management Group plc owned 0.23% of Enphase Energy worth $21,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. Avior Wealth Management LLC lifted its position 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 acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at about $34,000. Quarry LP purchased a new position in Enphase Energy during the 3rd quarter worth approximately $37,000. Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% during the fourth 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 period. Finally, Blue Trust Inc. lifted its stake 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 buying an additional 228 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Up 1.9 %

NASDAQ:ENPH opened at $66.08 on Tuesday. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. 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 fifty day simple moving average of $66.60 and a 200-day simple moving average of $84.67. The company has a market capitalization of $8.75 billion, a PE ratio of 89.30 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results 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 return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ENPH shares. Oppenheimer lifted their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Susquehanna dropped their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Glj Research reaffirmed a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.42.

About 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.