Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Candriam S.C.A.

Candriam S.C.A. boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 247.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,712 shares of the semiconductor company’s stock after buying an additional 48,910 shares during the quarter. Candriam S.C.A.’s holdings in Enphase Energy were worth $4,719,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after buying an additional 2,028,691 shares in the last quarter. Swedbank AB increased its holdings in shares of Enphase Energy by 0.3% in the third 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. Geode Capital Management LLC increased its holdings in shares of Enphase Energy by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock valued at $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Enphase Energy by 6.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock valued at $265,609,000 after purchasing an additional 142,491 shares during the period. Finally, Nordea Investment Management AB increased its holdings 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 valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Up 5.0 %

NASDAQ:ENPH opened at $61.63 on Friday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 83.28 and a beta of 2.12. Enphase Energy, Inc. has a one year low of $51.63 and a one year high of $141.63. The stock has a 50-day simple moving average of $64.45 and a 200 day simple moving average of $81.46. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results 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 return on equity of 15.62% and a net margin of 7.72%. Sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,881,760 shares in the company, valued at $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of research reports. Susquehanna cut their price objective on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Redburn Atlantic started coverage on Enphase Energy in a report on Monday, March 3rd. They set a “neutral” rating on the stock. Northland Securities dropped their target price on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Finally, Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price on the stock in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus target price of $90.42.

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.