Natixis Acquires 80,219 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 191.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 122,182 shares of the semiconductor company’s stock after buying an additional 80,219 shares during the period. Natixis’ holdings in Enphase Energy were worth $8,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Enphase Energy during the 3rd quarter worth about $239,000. Tidal Investments LLC grew its holdings in Enphase Energy by 121.4% during the third quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock valued at $13,893,000 after purchasing an additional 67,411 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of Enphase Energy in the third quarter valued at approximately $292,000. GAMMA Investing LLC lifted its stake in shares of Enphase Energy by 131.9% in the fourth quarter. GAMMA Investing LLC now owns 4,940 shares of the semiconductor company’s stock worth $339,000 after buying an additional 2,810 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Enphase Energy during the 4th quarter worth $470,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Up 1.5 %

Shares of Enphase Energy stock opened at $52.54 on Monday. The stock has a market capitalization of $6.96 billion, a P/E ratio of 71.00 and a beta of 1.94. Enphase Energy, Inc. has a 12-month low of $47.48 and a 12-month high of $141.63. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $59.33 and a 200 day simple moving average of $68.74.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Barclays cut their price objective on Enphase Energy from $86.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Redburn Atlantic began coverage on Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating on the stock. Susquehanna cut their price target on Enphase Energy from $76.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $82.85.

Insiders Place Their Bets

In other Enphase Energy news, CFO Mandy Yang sold 1,319 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares of the company’s stock, valued at approximately $4,972,139.68. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Enphase Energy Company 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.