Newbridge Financial Services Group Inc. Buys 1,199 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Newbridge Financial Services Group Inc. boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 49.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,604 shares of the semiconductor company’s stock after acquiring an additional 1,199 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Enphase Energy were worth $248,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in shares of Enphase Energy by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock valued at $716,897,000 after acquiring an additional 58,040 shares during the last quarter. Swedbank AB boosted its position 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 worth $391,442,000 after buying an additional 11,890 shares during the period. Geode Capital Management LLC grew its stake in shares of Enphase Energy by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after acquiring an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Enphase Energy by 6.5% in the 3rd 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 buying an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after buying an additional 1,258,778 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday. BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price on the stock. in a report on Friday, November 8th. Morgan Stanley cut their target price on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $82.00 in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Down 4.5 %

Shares of ENPH stock opened at $63.53 on Monday. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $8.58 billion, a P/E ratio of 85.85, a P/E/G ratio of 8.78 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. The stock’s fifty day simple moving average is $68.61 and its 200 day simple moving average is $88.20.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.12 EPS for the current fiscal 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.