Skandinaviska Enskilda Banken AB publ Sells 5,246 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,570 shares of the semiconductor company’s stock after selling 5,246 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Enphase Energy worth $7,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC grew its stake in Enphase Energy by 1,068.4% during the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 203 shares in the last quarter. Chilton Capital Management LLC increased its holdings in shares of Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares during the period. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy in the first quarter worth $35,000. TFO Wealth Partners LLC boosted its stake in Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 336 shares during the period. Finally, Quest Partners LLC grew its position in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of several research analyst reports. Royal Bank of Canada decreased their price objective on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets increased their price objective on Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. William Blair initiated coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating on the stock. HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research report on Monday, June 10th. Finally, BNP Paribas raised Enphase Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $120.00 to $144.00 in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.89.

Enphase Energy Stock Down 2.1 %

ENPH stock opened at $114.90 on Friday. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 59.84, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. The business’s 50 day moving average price is $112.99 and its two-hundred day moving average price is $114.56. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. During the same period in the previous year, the company earned $1.16 earnings per share. Enphase Energy’s revenue for the quarter was down 57.3% on a year-over-year basis. As a group, analysts forecast that Enphase Energy, Inc. will post 1.19 earnings per share for the current fiscal year.

About Enphase Energy

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.