Nomura Asset Management Co. Ltd. Increases Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Nomura Asset Management Co. Ltd. increased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 64,425 shares of the semiconductor company’s stock after purchasing an additional 702 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Enphase Energy were worth $7,281,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Enphase Energy in the third quarter valued at about $1,273,000. Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Enphase Energy in the 3rd quarter valued at approximately $37,475,000. Mizuho Securities USA LLC grew its holdings in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc increased its position in Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after buying an additional 31,008 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Shares of ENPH opened at $73.00 on Friday. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 165.91, a PEG ratio of 21.24 and a beta of 1.69. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $79.39 and its two-hundred day moving average is $102.05. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63.

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 the consensus estimate of $0.77 by ($0.12). The company had revenue of $380.90 million during 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 company’s revenue was down 30.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share. Analysts forecast that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several recent research reports. TD Cowen reduced their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, November 22nd. Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reduced 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 note on Wednesday, October 23rd. Finally, Northland Securities decreased their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.13.

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.