Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 53.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,749 shares of the semiconductor company’s stock after purchasing an additional 31,954 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.07% of Enphase Energy worth $6,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Enphase Energy in the third quarter valued at $1,273,000. Charles Schwab Investment Management Inc. increased its stake in Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Enphase Energy in the third quarter valued at $37,475,000. Mizuho Securities USA LLC increased its stake 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 valued at $50,737,000 after purchasing an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc increased its stake in Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after purchasing an additional 31,008 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ENPH has been the subject of several analyst reports. Craig Hallum dropped their target price on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Truist Financial reiterated a “hold” rating and issued a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Piper Sandler lowered their target price on Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Trading Up 2.2 %

NASDAQ:ENPH opened at $63.94 on Friday. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $67.61 and its two-hundred day moving average is $86.55. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week 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 announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that Enphase Energy, Inc. will post 2.12 EPS for the current year.

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.