Enphase Energy, Inc. (NASDAQ:ENPH) Holdings Raised by Banco Santander S.A.

Banco Santander S.A. increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 17.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,503 shares of the semiconductor company’s stock after purchasing an additional 6,833 shares during the quarter. Banco Santander S.A.’s holdings in Enphase Energy were worth $5,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. lifted its holdings in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Enphase Energy during the third quarter valued at approximately $34,000. Blue Trust Inc. raised its position in shares of Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 228 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during 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 analyst reports. Evercore ISI reduced their price objective on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. William Blair began coverage on Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating for the company. TD Cowen lowered their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Susquehanna dropped their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $102.09.

Enphase Energy Price Performance

Shares of ENPH opened at $63.59 on Friday. The stock has a market cap of $8.59 billion, a P/E ratio of 144.52, a P/E/G ratio of 18.81 and a beta of 1.77. The business’s fifty day moving average is $91.80 and its 200 day moving average is $106.49. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.84 earnings per share. Sell-side analysts anticipate that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

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.