Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.25 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,770 shares of the semiconductor company’s stock after selling 2,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Enphase Energy were worth $2,251,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its position in Enphase Energy by 19.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 125 shares in the last quarter. Empirical Finance LLC lifted its position in Enphase Energy by 3.9% in the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after acquiring an additional 137 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Enphase Energy by 5.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 153 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Enphase Energy by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 174 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Enphase Energy by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock valued at $6,206,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 1.7 %

ENPH opened at $63.71 on Thursday. The company has a fifty day moving average price of $66.32 and a 200-day moving average price of $84.22. The firm has a market capitalization of $8.44 billion, a P/E ratio of 86.10 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. 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 analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENPH. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 target price on the stock in a research report on Friday, January 31st. Citigroup lifted their target price on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Oppenheimer lifted their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Bank of America dropped their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $90.42.

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.