Natixis Advisors LLC Buys 468 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis Advisors LLC increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,261 shares of the semiconductor company’s stock after buying an additional 468 shares during the quarter. Natixis Advisors LLC’s holdings in Enphase Energy were worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after acquiring an additional 58,040 shares during the period. Swedbank AB acquired a new position in Enphase Energy in the first quarter worth about $424,130,000. Electron Capital Partners LLC lifted its stake in Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after purchasing an additional 1,078,154 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Enphase Energy by 17.6% during the second quarter. Thrivent Financial for Lutherans now owns 826,742 shares of the semiconductor company’s stock valued at $82,434,000 after purchasing an additional 123,856 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Enphase Energy by 71.0% during the third quarter. Handelsbanken Fonder AB now owns 714,364 shares of the semiconductor company’s stock valued at $80,737,000 after purchasing an additional 296,498 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $70.50 on Wednesday. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm’s 50-day simple moving average is $90.14 and its 200 day simple moving average is $105.77. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 160.23, a P/E/G ratio of 20.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same period last year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ENPH shares. 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 report on Friday, November 22nd. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. HSBC cut shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $154.00 to $81.00 in a research report on Friday, November 8th. BMO Capital Markets reduced their price target on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research report on Monday, October 14th. Finally, Barclays dropped their price objective on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $101.13.

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.