Mizuho Securities Co. Ltd. Purchases New Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Securities Co. Ltd. purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,900 shares of the semiconductor company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently made changes to their positions in ENPH. Credit Capital Investments LLC bought a new stake in Enphase Energy in the third quarter valued at approximately $384,000. Oppenheimer & Co. Inc. increased its position in shares of Enphase Energy by 6.0% in the third quarter. Oppenheimer & Co. Inc. now owns 8,783 shares of the semiconductor company’s stock worth $993,000 after purchasing an additional 496 shares during the period. Victory Capital Management Inc. increased its position in shares of Enphase Energy by 0.4% in the third quarter. Victory Capital Management Inc. now owns 53,032 shares of the semiconductor company’s stock worth $5,994,000 after purchasing an additional 228 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in Enphase Energy during the third quarter worth about $208,000. Finally, Baillie Gifford & Co. lifted its position in Enphase Energy by 0.9% during the third quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after purchasing an additional 58,040 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 0.6 %

Shares of ENPH traded up $0.37 on Wednesday, reaching $60.46. The stock had a trading volume of 2,367,006 shares, compared to its average volume of 3,981,973. Enphase Energy, Inc. has a 12-month low of $59.26 and a 12-month high of $141.63. The company has a 50-day simple moving average of $98.28 and a 200-day simple moving average of $108.79. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 136.57, a price-to-earnings-growth ratio of 7.15 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.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. Sell-side analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ENPH shares. BNP Paribas cut shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a research report on Friday, November 8th. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a research report on Wednesday, October 23rd. Evercore ISI reduced their target price on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Susquehanna reduced their price objective on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Morgan Stanley reduced their price objective on Enphase Energy from $102.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Enphase Energy presently has an average rating of “Hold” and an average price target of $103.39.

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.