Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 18.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,019 shares of the semiconductor company’s stock after selling 4,661 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Enphase Energy were worth $1,444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in Enphase Energy by 821.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,756 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 2,457 shares during the last quarter. Creative Planning boosted its holdings in shares of Enphase Energy by 49.7% in the 3rd quarter. Creative Planning now owns 16,204 shares of the semiconductor company’s stock valued at $1,831,000 after acquiring an additional 5,379 shares during the last quarter. Swedbank AB increased its stake 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 worth $391,442,000 after acquiring an additional 11,890 shares during the period. nVerses Capital LLC purchased a new position in shares of Enphase Energy during the third quarter worth $34,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Enphase Energy by 1.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,956 shares of the semiconductor company’s stock valued at $2,708,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 2.2 %

ENPH opened at $63.94 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. The company’s 50 day simple moving average is $67.61 and its two-hundred day simple moving average is $86.71. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 86.41, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data 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%. Analysts expect that Enphase Energy, Inc. will post 2.12 EPS for the current fiscal year.

Analyst Ratings Changes

ENPH has been the topic of several analyst reports. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. StockNews.com upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley lowered their price objective on 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. Raymond James cut their target price on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $90.42.

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.