Lazard Freres Gestion S.A.S. Increases Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Lazard Freres Gestion S.A.S. increased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 20.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,720 shares of the semiconductor company’s stock after buying an additional 620 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Enphase Energy were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC increased its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. increased its position in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC purchased a new stake in Enphase Energy during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 228 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

ENPH stock traded down $2.27 during trading on Tuesday, hitting $69.64. The stock had a trading volume of 263,589 shares, compared to its average volume of 4,069,315. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 163.43, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77. 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 company’s 50 day moving average price is $90.14 and its two-hundred day moving average price is $105.77. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 firm had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same period in the prior year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 30.9% on a year-over-year basis. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Roth Mkm reduced their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Raymond James dropped 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. Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and reduced their price target for the company from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, Barclays cut their price objective on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $101.13.

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.