Mediolanum International Funds Ltd Has $947,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Mediolanum International Funds Ltd reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,519 shares of the semiconductor company’s stock after selling 6,293 shares during the period. Mediolanum International Funds Ltd’s holdings in Enphase Energy were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in Enphase Energy by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after purchasing an additional 58,040 shares during the last quarter. Swedbank AB lifted its holdings in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after purchasing an additional 11,890 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Enphase Energy by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after purchasing an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Enphase Energy by 6.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock worth $265,609,000 after purchasing an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley dropped their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Evercore ISI dropped their price objective on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets dropped their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a report on Monday, October 14th. Finally, StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.06.

Enphase Energy Stock Up 0.4 %

Shares of ENPH opened at $62.28 on Monday. The company has a market capitalization of $8.41 billion, a PE ratio of 141.55, a PEG ratio of 7.94 and a beta of 1.68. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $69.27 and its two-hundred day moving average price is $89.70. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

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.