Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,188 shares of the semiconductor company’s stock after selling 266 shares during the quarter. Yousif Capital Management LLC’s holdings in Enphase Energy were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ENPH. Nordea Investment Management AB grew its stake 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 during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the period. Aspex Management HK Ltd bought a new position in shares of Enphase Energy during the third quarter worth about $48,442,000. Montrusco Bolton Investments Inc. increased its holdings in shares of Enphase Energy by 93.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after acquiring an additional 424,327 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Enphase Energy by 372.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock valued at $31,830,000 after purchasing an additional 365,356 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Craig Hallum decreased their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Northland Securities decreased their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley lowered their price target on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.42.

Enphase Energy Stock Up 2.4 %

ENPH stock opened at $62.59 on Friday. 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 firm has a market capitalization of $8.46 billion, a P/E ratio of 84.58, a P/E/G ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company’s 50 day simple moving average is $67.76 and its 200-day simple moving average is $87.06.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results 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, equities research analysts anticipate that Enphase Energy, Inc. will post 2.12 EPS for the current year.

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.