Mizuho Securities Co. Ltd. Buys Shares of 1,900 Enphase Energy, Inc. (NASDAQ:ENPH)

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

Several other institutional investors have also made changes to their positions in ENPH. Benjamin Edwards Inc. raised its position in Enphase Energy by 2.8% during the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Enphase Energy by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock valued at $1,165,000 after purchasing an additional 100 shares during the last quarter. Green Alpha Advisors LLC boosted its holdings in Enphase Energy by 1.4% in 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. Crossmark Global Holdings Inc. increased its position in Enphase Energy by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock worth $557,000 after buying an additional 106 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Enphase Energy by 10.2% during 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 Stock Up 0.6 %

NASDAQ ENPH traded up $0.37 on Wednesday, reaching $60.46. The company had a trading volume of 2,367,006 shares, compared to its average volume of 3,981,973. The company’s fifty day moving average is $98.28 and its 200-day moving average is $108.79. Enphase Energy, Inc. has a 1-year low of $59.26 and a 1-year high of $141.63. 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 posted 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 firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. On average, research analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

ENPH has been the subject of several recent analyst reports. Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Wednesday, October 23rd. Piper Sandler decreased their target price on Enphase Energy from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Bank of America dropped their price target on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group cut their target price on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Citigroup dropped their price objective on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.