Sumitomo Mitsui DS Asset Management Company Ltd Sells 10,553 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 44.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,403 shares of the semiconductor company’s stock after selling 10,553 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Enphase Energy were worth $921,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its holdings in shares of Enphase Energy by 0.9% in the third quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock valued at $716,897,000 after purchasing an additional 58,040 shares in the last quarter. Swedbank AB raised its position in Enphase Energy by 0.3% in the 3rd 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. Geode Capital Management LLC lifted its stake in Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock valued at $381,030,000 after acquiring an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 acquiring an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake 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 acquiring an additional 1,258,778 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $62.58 on Wednesday. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 84.57, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a 50-day simple moving average of $68.15 and a two-hundred day simple moving average of $87.41.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share 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%. Analysts forecast that Enphase Energy, Inc. will post 2.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented 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. Raymond James reduced their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America reduced their price target on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. Finally, Glj Research reiterated a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.42.

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.