Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Czech National Bank

Czech National Bank increased its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,294 shares of the semiconductor company’s stock after buying an additional 1,708 shares during the quarter. Czech National Bank’s holdings in Enphase Energy were worth $2,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENPH. Benjamin Edwards Inc. raised its position in shares of Enphase Energy by 2.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after buying an additional 93 shares in the last quarter. Green Alpha Advisors LLC raised its holdings in 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 in the last quarter. Centaurus Financial Inc. lifted its position in Enphase Energy by 10.2% in the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 118 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in Enphase Energy by 19.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 125 shares in the last quarter. Finally, Empirical Finance LLC increased its position in shares of Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 137 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $63.47 on Friday. The stock has a fifty day moving average price of $69.29 and a 200 day moving average price of $93.19. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 144.25, a PEG ratio of 7.87 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last announced 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 for 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 firm’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Analysts forecast that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. HSBC downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Bank of America reduced their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a report on Thursday, November 7th. Finally, Evercore ISI decreased their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock 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 thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.59.

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.