Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 2,000 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,770 shares of the semiconductor company’s stock after selling 2,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Enphase Energy were worth $2,251,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake 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 worth $574,975,000 after purchasing an additional 2,028,691 shares during the last quarter. Swedbank AB raised its stake in shares of Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after acquiring an additional 11,890 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Enphase Energy by 0.6% during 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 acquiring an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Enphase Energy by 6.5% during 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 acquiring an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Enphase Energy by 131.6% during 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 acquiring an additional 1,258,778 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ENPH. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their price objective 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. Piper Sandler reduced their price target on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price target on shares of 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. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Down 1.7 %

Shares of Enphase Energy stock opened at $63.71 on Thursday. The company’s 50 day moving average is $66.32 and its 200 day moving average is $84.22. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 86.10 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (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%. Research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS 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.