UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 142,491 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 6.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,350,108 shares of the semiconductor company’s stock after buying an additional 142,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enphase Energy were worth $265,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. UMB Bank n.a. lifted its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter valued at $34,000. Finally, Blue Trust Inc. lifted its holdings in shares of 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 last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENPH. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America decreased their price objective on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Northland Securities decreased their price target on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Finally, Canaccord Genuity Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.13.

Enphase Energy Stock Down 1.4 %

NASDAQ:ENPH opened at $71.35 on Friday. 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 firm’s 50-day moving average price is $87.33 and its 200-day moving average price is $105.04. The company has a market capitalization of $9.64 billion, a PE ratio of 162.16, a P/E/G ratio of 21.39 and a beta of 1.77. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced 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 return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. During the same quarter last year, the company posted $0.84 EPS. Enphase Energy’s revenue for the quarter was down 30.9% compared to the same quarter last year. On average, equities analysts predict that Enphase Energy, Inc. will post 0.95 EPS for the current fiscal year.

Enphase Energy 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.