Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 69.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,111 shares of the semiconductor company’s stock after selling 11,734 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Enphase Energy were worth $351,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Enphase Energy during the third quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter worth approximately $37,000. Finally, Blue Trust Inc. increased its stake in shares of Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $63.94 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. The stock has a fifty day moving average price of $67.61 and a 200 day moving average price of $86.71. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The company has a market cap of $8.64 billion, a PE ratio of 86.41, a P/E/G ratio of 8.78 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 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%. Sell-side analysts forecast that Enphase Energy, Inc. will post 2.12 EPS for the current year.

Analysts Set New Price Targets

ENPH has been the topic of a number of recent research reports. Bank of America cut their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley cut their target price on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Susquehanna cut their target price 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. Glj Research reiterated a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research note on Tuesday, February 4th. Finally, TD Cowen dropped their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Company 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.