TT International Asset Management LTD Purchases Shares of 7,050 Enphase Energy, Inc. (NASDAQ:ENPH)

TT International Asset Management LTD purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,050 shares of the semiconductor company’s stock, valued at approximately $484,000.

A number of other hedge funds have also recently bought and sold shares of ENPH. Acadian Asset Management LLC bought a new position in shares of Enphase Energy during the 2nd quarter worth about $431,000. Quest Partners LLC lifted its holdings in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 461 shares during the period. American Century Companies Inc. lifted its holdings in shares of Enphase Energy by 67.5% during the 2nd quarter. American Century Companies Inc. now owns 375,548 shares of the semiconductor company’s stock worth $37,446,000 after acquiring an additional 151,339 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Enphase Energy by 73.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 153,590 shares of the semiconductor company’s stock worth $16,376,000 after acquiring an additional 64,894 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Enphase Energy by 54.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock worth $4,438,000 after purchasing an additional 15,776 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Price Performance

Enphase Energy stock opened at $66.74 on Monday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 151.68, a PEG ratio of 21.92 and a beta of 1.68. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The stock’s 50 day moving average price is $70.53 and its two-hundred day moving average price is $94.11. 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 results 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). 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 for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. On average, equities analysts predict that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Enphase Energy from $145.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Janney Montgomery Scott lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. TD Cowen reduced their price objective on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $76.00 price target on shares of Enphase Energy in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.86.

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.