Banco Santander S.A. Increases Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Banco Santander S.A. lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 47.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,659 shares of the semiconductor company’s stock after purchasing an additional 22,156 shares during the period. Banco Santander S.A.’s holdings in Enphase Energy were worth $4,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC raised its stake in Enphase Energy by 3.9% in the third 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Enphase Energy by 5.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 153 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Enphase Energy by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 174 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Enphase Energy by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock valued at $6,206,000 after purchasing an additional 190 shares during the last quarter. Finally, Gould Capital LLC raised its holdings in Enphase Energy by 2.1% during the third quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock worth $1,153,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ENPH shares. Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price for the company in a report on Friday, January 31st. BMO Capital Markets decreased their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Craig Hallum decreased their target price on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays dropped their price target on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Up 5.0 %

Shares of ENPH stock opened at $61.63 on Friday. Enphase Energy, Inc. has a fifty-two week low of $51.63 and a fifty-two week 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 business has a fifty day simple moving average of $64.45 and a 200-day simple moving average of $81.46. The stock has a market cap of $8.16 billion, a P/E ratio of 83.28 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH) last announced its 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%. On average, analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In related news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by corporate insiders.

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.