Mizuho Markets Americas LLC Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Markets Americas LLC bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,322 shares of the semiconductor company’s stock, valued at approximately $5,913,000.

Other large investors have also bought and sold shares of the company. M&G Plc acquired a new stake in shares of Enphase Energy in the 1st quarter valued at about $7,244,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Enphase Energy by 25.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 257,883 shares of the semiconductor company’s stock valued at $31,197,000 after acquiring an additional 53,041 shares during the period. Seven Eight Capital LP grew its stake in Enphase Energy by 61.2% in the first quarter. Seven Eight Capital LP now owns 14,971 shares of the semiconductor company’s stock valued at $1,811,000 after acquiring an additional 5,681 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Enphase Energy during the first quarter valued at approximately $12,624,000. Finally, UniSuper Management Pty Ltd raised its position in shares of Enphase Energy by 1.2% during the first quarter. UniSuper Management Pty Ltd now owns 637,331 shares of the semiconductor company’s stock worth $77,104,000 after purchasing an additional 7,423 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Down 6.4 %

NASDAQ:ENPH opened at $59.52 on Friday. Enphase Energy, Inc. has a 1 year low of $59.12 and a 1 year high of $141.63. The stock’s fifty day moving average price is $95.27 and its two-hundred day moving average price is $107.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The company has a market cap of $8.04 billion, a P/E ratio of 135.27, a P/E/G ratio of 6.80 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the previous year, the firm 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, analysts expect that Enphase Energy, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ENPH shares. The Goldman Sachs Group decreased their price target on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Citigroup lowered their target price on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Roth Mkm cut their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James cut their target price on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Four investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.76.

View Our Latest Stock Report on ENPH

About Enphase Energy

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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