Union Bancaire Privee UBP SA Invests $824,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Union Bancaire Privee UBP SA acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,422 shares of the semiconductor company’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also modified their holdings of ENPH. Creative Planning grew its position in shares of Enphase Energy by 49.7% in the 3rd quarter. Creative Planning now owns 16,204 shares of the semiconductor company’s stock valued at $1,831,000 after purchasing an additional 5,379 shares during the period. Swedbank AB grew its position in shares of Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after purchasing an additional 11,890 shares during the period. Blue Trust Inc. grew its position in shares of Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at approximately $243,000. Finally, Signaturefd LLC grew its position in shares of Enphase Energy by 29.7% in the 3rd quarter. Signaturefd LLC now owns 1,240 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 284 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 1.9 %

ENPH stock opened at $66.08 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $8.75 billion, a PE ratio of 89.30 and a beta of 1.68. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The business’s 50 day simple moving average is $66.60 and its 200 day simple moving average is $84.67.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ENPH shares. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. TD Cowen cut their target price 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. Citigroup boosted their target price on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and cut their target price for the company from $154.00 to $81.00 in a research note on Friday, November 8th. Finally, Truist Financial restated 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. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.42.

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.