Quaero Capital S.A. Sells 8,752 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Quaero Capital S.A. cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,643 shares of the semiconductor company’s stock after selling 8,752 shares during the period. Quaero Capital S.A.’s holdings in Enphase Energy were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC raised its position in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares in the last quarter. nVerses Capital LLC bought a new position in Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP bought a new position in Enphase Energy in the third quarter valued at approximately $37,000. Finally, Blue Trust Inc. boosted its position in shares of Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 228 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

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 issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.12 earnings per share for the current year.

Analysts Set New Price Targets

ENPH has been the topic of several recent research reports. Bank of America lowered their price target on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Janney Montgomery Scott downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a research report on Wednesday, October 23rd. Oppenheimer boosted their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Royal Bank of Canada cut their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.