LGT Group Foundation Lowers Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

LGT Group Foundation decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 39.5% during the fourth quarter, HoldingsChannel reports. The firm owned 48,288 shares of the semiconductor company’s stock after selling 31,507 shares during the period. LGT Group Foundation’s holdings in Enphase Energy were worth $3,316,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Enphase Energy in the third quarter worth about $1,273,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Enphase Energy by 1.9% during 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 purchased a new position in shares of Enphase Energy during the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC lifted its holdings in shares of Enphase Energy by 4,177.9% during 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 lifted its holdings in shares of Enphase Energy by 15.9% during 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. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 7.8 %

Shares of Enphase Energy stock opened at $52.87 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 71.45 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a fifty day moving average of $65.95 and a 200 day moving average of $83.31. Enphase Energy, Inc. has a fifty-two week low of $52.66 and a fifty-two week high of $141.63.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ENPH. BMO Capital Markets lowered their target price on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Canaccord Genuity Group upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. Citigroup boosted their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company 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.