Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 18.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,019 shares of the semiconductor company’s stock after selling 4,661 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Enphase Energy were worth $1,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its position in Enphase Energy by 19.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 125 shares during the period. Empirical Finance LLC raised its holdings in shares of Enphase Energy by 3.9% in the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Enphase Energy by 5.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 153 shares during the period. Farther Finance Advisors LLC lifted its stake in Enphase Energy by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 174 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Enphase Energy by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock valued at $6,206,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Barclays reduced their target price on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their price target 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. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $154.00 to $81.00 in a research note on Friday, November 8th. Finally, Susquehanna lowered their target price on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Enphase Energy has an average rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Up 2.2 %

Shares of Enphase Energy stock opened at $63.94 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.88 and a current ratio of 3.53. The company has a market capitalization of $8.64 billion, a P/E ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The company’s fifty day moving average is $67.61 and its two-hundred day moving average is $86.71.

Enphase Energy (NASDAQ:ENPH) last released its quarterly 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%. Analysts forecast that Enphase Energy, Inc. will post 2.12 earnings per share for the current 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.