Nicola Wealth Management LTD. Has $2.13 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Nicola Wealth Management LTD. raised its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 55.0% during the fourth quarter, Holdings Channel reports. The firm owned 31,000 shares of the semiconductor company’s stock after purchasing an additional 11,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Enphase Energy were worth $2,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. increased its stake 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 in the last quarter. Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Mizuho Securities USA LLC increased its stake in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares in the last quarter. Aspex Management HK Ltd bought a new stake in shares of Enphase Energy in the 3rd quarter valued at $48,442,000. Finally, Montrusco Bolton Investments Inc. increased its stake in shares of Enphase Energy by 93.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock valued at $99,295,000 after acquiring an additional 424,327 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

ENPH has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Canaccord Genuity Group upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Redburn Atlantic started coverage on shares of Enphase Energy in a research note on Monday. They set a “neutral” rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH 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. Enphase Energy, Inc. has a fifty-two week low of $52.66 and a fifty-two week high of $141.63. 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’s 50-day moving average is $65.95 and its 200 day moving average is $83.31.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current 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.