Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 69.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,111 shares of the semiconductor company’s stock after selling 11,734 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Enphase Energy were worth $351,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its holdings in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Enphase Energy during the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new position in shares of Enphase Energy during the 3rd quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Enphase Energy during the 3rd quarter valued at approximately $37,000. Finally, Blue Trust Inc. increased its holdings 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 valued at $49,000 after purchasing an additional 228 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ENPH shares. Truist Financial reaffirmed a “hold” rating and set a $65.00 target price (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Friday, November 8th. The Goldman Sachs Group cut their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Citigroup boosted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Three 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Up 2.2 %

NASDAQ ENPH opened at $63.94 on Friday. The firm’s 50-day moving average is $67.61 and its two-hundred day moving average is $86.71. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. 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 stock has a market capitalization of $8.64 billion, a P/E ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results 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 net margin of 7.72% and a return on equity of 15.62%. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.12 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.