Golden State Equity Partners Purchases 2,898 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Golden State Equity Partners lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1,123.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,156 shares of the semiconductor company’s stock after buying an additional 2,898 shares during the quarter. Golden State Equity Partners’ holdings in Enphase Energy were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. grew its position 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 buying an additional 58,040 shares in the last quarter. Swedbank AB grew its position in shares of Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after buying an additional 11,890 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Enphase Energy by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after buying an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Enphase Energy by 6.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock worth $265,609,000 after buying an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of 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 in the last quarter. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ENPH. Canaccord Genuity Group reaffirmed a “hold” rating and set a $76.00 price objective on shares of Enphase Energy in a research report on Tuesday, November 19th. Morgan Stanley dropped their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. BMO Capital Markets dropped their price objective on 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. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Cowen dropped their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.22.

Enphase Energy Stock Up 3.7 %

ENPH stock opened at $66.25 on Wednesday. The firm has a market cap of $8.95 billion, a PE ratio of 150.57, a P/E/G ratio of 8.22 and a beta of 1.68. 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 fifty day moving average is $69.02 and its 200 day moving average is $89.11. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. On average, research analysts forecast that Enphase Energy, Inc. will post 0.92 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.