Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Increased by Impax Asset Management Group plc

Impax Asset Management Group plc grew its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226,109 shares of the semiconductor company’s stock after buying an additional 31,008 shares during the period. Impax Asset Management Group plc owned about 0.17% of Enphase Energy worth $25,555,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC boosted its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy during the third quarter worth about $34,000. Finally, Quest Partners LLC lifted its holdings in Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Roth Mkm lowered their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a research report on Wednesday, October 23rd. Canaccord Genuity Group reissued a “hold” rating and set a $95.00 price target (down previously from $140.00) on shares of Enphase Energy in a report on Wednesday, October 23rd. BMO Capital Markets dropped their price objective on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Finally, Raymond James reduced their target price on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.26.

Enphase Energy Stock Up 4.7 %

Shares of Enphase Energy stock opened at $87.46 on Tuesday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The stock has a 50-day moving average price of $104.89 and a 200 day moving average price of $110.56. The company has a market cap of $11.82 billion, a P/E ratio of 198.77, a P/E/G ratio of 9.38 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. As a group, analysts expect that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal 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.