Daiwa Securities Group Inc. Buys 5,029 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Daiwa Securities Group Inc. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 20.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,002 shares of the semiconductor company’s stock after acquiring an additional 5,029 shares during the period. Daiwa Securities Group Inc.’s holdings in Enphase Energy were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in shares of Enphase Energy by 2.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock worth $1,165,000 after purchasing an additional 100 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Enphase Energy by 1.4% during the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 102 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Enphase Energy by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 106 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in shares of Enphase Energy by 10.2% in the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 118 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Up 2.6 %

Shares of NASDAQ:ENPH opened at $72.36 on Thursday. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 162.98, a PEG ratio of 21.26 and a beta of 1.77. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company’s fifty day simple moving average is $89.18 and its 200 day simple moving average is $105.50. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last released its quarterly 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 firm had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. As a group, research analysts forecast that Enphase Energy, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of research analyst reports. William Blair began coverage on shares of Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating on the stock. Roth Mkm lowered their price target on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Citigroup dropped their price objective on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Evercore ISI lowered their target price on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley dropped their target price on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and an average target price 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.