Harel Insurance Investments & Financial Services Ltd. Purchases 2,478 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Harel Insurance Investments & Financial Services Ltd. lifted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 178.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,867 shares of the semiconductor company’s stock after buying an additional 2,478 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Enphase Energy were worth $266,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. raised its stake in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new stake in Enphase Energy during the third quarter worth $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy during the 3rd quarter valued at $34,000. Finally, Quarry LP purchased a new position in shares of Enphase Energy in the 3rd quarter valued at $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup upped their price objective on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research report on Friday, November 8th. HSBC cut shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $154.00 to $81.00 in a research report on Friday, November 8th. Finally, Piper Sandler cut their price target on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.09.

Enphase Energy Stock Performance

ENPH opened at $63.36 on Friday. The firm has a fifty day moving average price of $69.38 and a 200 day moving average price of $91.64. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The stock has a market cap of $8.56 billion, a P/E ratio of 144.00, a P/E/G ratio of 7.79 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

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.