Natixis Advisors LLC Buys 468 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis Advisors LLC boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,261 shares of the semiconductor company’s stock after acquiring an additional 468 shares during the period. Natixis Advisors LLC’s holdings in Enphase Energy were worth $1,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new position in Enphase Energy in the third quarter valued at $34,000. Quest Partners LLC boosted its position in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the last quarter. Blue Trust Inc. boosted its position in Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 228 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Enphase Energy by 1,727.6% during the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

ENPH has been the topic of several recent analyst reports. Craig Hallum dropped their price target on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Canaccord Genuity Group reiterated a “hold” rating and set a $76.00 target price on shares of Enphase Energy in a research report on Tuesday, November 19th. Evercore ISI reduced their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Roth Mkm reduced their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.13.

Enphase Energy Stock Down 2.0 %

Shares of Enphase Energy stock opened at $70.50 on Wednesday. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $90.14 and its 200 day moving average is $105.77. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 160.23, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm’s revenue was down 30.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. Research analysts anticipate that Enphase Energy, Inc. will post 0.91 EPS for the current year.

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.