Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 62.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,114 shares of the semiconductor company’s stock after selling 449,250 shares during the period. Handelsbanken Fonder AB owned 0.20% of Enphase Energy worth $18,208,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC increased its position in shares of Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Enphase Energy by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 21,267 shares of the semiconductor company’s stock valued at $1,461,000 after acquiring an additional 1,109 shares during the period. Baillie Gifford & Co. increased its position in shares of Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after acquiring an additional 2,028,691 shares during the period. DDD Partners LLC increased its position in shares of Enphase Energy by 29.5% in the 4th quarter. DDD Partners LLC now owns 2,924 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 666 shares during the period. Finally, MN Wealth Advisors LLC increased its position in shares of Enphase Energy by 61.7% in the 4th quarter. MN Wealth Advisors LLC now owns 10,159 shares of the semiconductor company’s stock valued at $698,000 after acquiring an additional 3,878 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ENPH shares. BMO Capital Markets cut their target price on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a research report on Tuesday, February 4th. TD Cowen lowered their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Bank of America lowered their price target on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Down 2.0 %

ENPH opened at $64.85 on Friday. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $66.71 and a 200 day moving average price of $85.21. The company has a market cap of $8.59 billion, a PE ratio of 87.64 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Sell-side analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal 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.