Edgestream Partners L.P. Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Edgestream Partners L.P. lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 301.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,009 shares of the semiconductor company’s stock after acquiring an additional 57,088 shares during the quarter. Edgestream Partners L.P. owned 0.06% of Enphase Energy worth $5,220,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after buying an additional 1,258,778 shares during the period. Mizuho Securities USA LLC raised its holdings in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the last quarter. Aspex Management HK Ltd bought a new stake in Enphase Energy during the 3rd quarter valued at $48,442,000. Finally, Montrusco Bolton Investments Inc. boosted its position in Enphase Energy by 93.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock valued at $99,295,000 after buying an additional 424,327 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ENPH shares. Craig Hallum lowered their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Citigroup upped their price target on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley cut their price objective on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Redburn Atlantic initiated coverage on Enphase Energy in a research note on Monday, March 3rd. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Up 5.0 %

Enphase Energy stock opened at $61.63 on Friday. Enphase Energy, Inc. has a 12 month low of $51.63 and a 12 month high of $141.63. The stock has a fifty day simple moving average of $64.66 and a two-hundred day simple moving average of $82.11. 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 cap of $8.16 billion, a price-to-earnings ratio of 83.28 and a beta of 2.12.

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 return on equity of 15.62% and a net margin of 7.72%. Equities analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

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

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.