Banco Santander S.A. Purchases 6,833 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Banco Santander S.A. boosted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 17.2% in the third quarter, Holdings Channel reports. The institutional investor owned 46,503 shares of the semiconductor company’s stock after acquiring an additional 6,833 shares during the quarter. Banco Santander S.A.’s holdings in Enphase Energy were worth $5,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. boosted its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares during the period. nVerses Capital LLC purchased a new position in Enphase Energy during the 3rd quarter valued at about $34,000. Blue Trust Inc. lifted its holdings in shares of Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ENPH. JPMorgan Chase & Co. dropped their price objective 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. Susquehanna decreased their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Barclays dropped their target price on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and reduced their target price for the company from $93.00 to $61.00 in a research note on Thursday, November 7th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.09.

Enphase Energy Stock Up 0.3 %

ENPH stock opened at $63.59 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 144.52, a P/E/G ratio of 18.81 and a beta of 1.77. The business’s 50-day moving average is $91.80 and its two-hundred day moving average is $106.49. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The company 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 company’s 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. As a group, analysts forecast that Enphase Energy, Inc. will post 0.91 earnings per share for the current 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.