Mediolanum International Funds Ltd Sells 6,293 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mediolanum International Funds Ltd trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 31.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,519 shares of the semiconductor company’s stock after selling 6,293 shares during the period. Mediolanum International Funds Ltd’s holdings in Enphase Energy were worth $947,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Green Alpha Advisors LLC lifted its holdings in shares of Enphase Energy by 1.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after acquiring an additional 102 shares during the period. Centaurus Financial Inc. increased its position in shares of Enphase Energy by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 118 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Enphase Energy by 19.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 125 shares in the last quarter. Empirical Finance LLC increased its position in shares of Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 137 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Enphase Energy by 5.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 153 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 0.4 %

ENPH stock opened at $62.28 on Monday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $69.27 and a two-hundred day moving average price of $89.70. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 141.55, a P/E/G ratio of 7.94 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ENPH. TD Cowen cut their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. BNP Paribas lowered Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Friday, November 8th. Hsbc Global Res lowered Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Oppenheimer cut their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their price target on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.06.

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.