Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,720 shares of the semiconductor company’s stock after acquiring an additional 620 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Enphase Energy were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB purchased a new position in Enphase Energy in the 1st quarter valued at about $424,130,000. Baillie Gifford & Co. lifted its holdings in Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after purchasing an additional 2,304,408 shares in the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after purchasing an additional 1,078,154 shares during the last quarter. Anomaly Capital Management LP purchased a new stake in shares of Enphase Energy in the second quarter valued at approximately $51,582,000. Finally, Mizuho Securities USA LLC grew its holdings in Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ENPH. Oppenheimer reduced their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Barclays reduced their price target on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. William Blair initiated coverage on Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Craig Hallum reduced their target price on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $101.13.

Enphase Energy Stock Down 3.2 %

ENPH stock traded down $2.27 during midday trading on Tuesday, reaching $69.64. 263,589 shares of the company were exchanged, compared to its average volume of 4,069,315. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 163.43, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The stock’s 50-day simple moving average is $90.14 and its 200 day simple moving average is $105.77.

Enphase Energy (NASDAQ:ENPH) last announced 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). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. Enphase Energy’s revenue was down 30.9% compared to the same quarter last year. On average, equities analysts forecast that Enphase Energy, Inc. will post 0.91 earnings per share for the current 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.