BNP Paribas Has $4.27 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

BNP Paribas lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,721 shares of the semiconductor company’s stock after selling 527 shares during the period. BNP Paribas’ holdings in Enphase Energy were worth $4,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Enphase Energy during the 3rd quarter worth $1,273,000. Mizuho Securities USA LLC boosted its holdings in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares in the last quarter. Impax Asset Management Group plc increased its position in Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after buying an additional 31,008 shares during the last quarter. Swedbank AB raised its holdings in Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after buying an additional 11,890 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Enphase Energy by 10.0% in the third quarter. KBC Group NV now owns 127,583 shares of the semiconductor company’s stock worth $14,420,000 after buying an additional 11,578 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 2.0 %

Shares of ENPH opened at $70.50 on Wednesday. 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 50-day moving average price of $90.14 and a two-hundred day moving average price of $105.77. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 160.23, a P/E/G ratio of 21.26 and a beta of 1.77. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter last year, the business earned $0.84 EPS. Enphase Energy’s quarterly revenue was down 30.9% compared to the same quarter last year. Equities analysts predict that Enphase Energy, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Oppenheimer reduced their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their target price on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.13.

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.