Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,550 shares of the semiconductor company’s stock, valued at approximately $175,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Enphase Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after buying an additional 16,234 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Enphase Energy during the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC grew 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 buying an additional 438,424 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after buying an additional 31,008 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after buying an additional 11,890 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Barclays cut their price target on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Oppenheimer increased their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler lowered their price objective on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $90.42.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 100,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH opened at $61.63 on Monday. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The stock has a market capitalization of $8.16 billion, a P/E ratio of 83.28 and a beta of 2.12. The firm has a fifty day simple moving average of $64.45 and a two-hundred day simple moving average of $81.20. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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 return on equity of 15.62% and a net margin of 7.72%. On average, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Enphase Energy 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.