Nicola Wealth Management LTD. Has $2.13 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Nicola Wealth Management LTD. raised its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,000 shares of the semiconductor company’s stock after acquiring an additional 11,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Enphase Energy were worth $2,129,000 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 company. Baillie Gifford & Co. lifted its stake in Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after acquiring an additional 2,028,691 shares during the last quarter. Swedbank AB raised its position in shares of Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after purchasing an additional 11,890 shares during the period. Geode Capital Management LLC raised its position in shares of Enphase Energy by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock valued at $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Enphase Energy by 6.5% in the third 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 valued at $265,609,000 after purchasing an additional 142,491 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of several research analyst reports. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. Redburn Atlantic initiated coverage on shares of Enphase Energy in a research report on Monday. They issued a “neutral” rating on the stock. Truist Financial reissued a “hold” rating and issued a $65.00 price objective (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research report on Friday, November 8th. Finally, OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Stock Down 7.8 %

NASDAQ:ENPH opened at $52.87 on Tuesday. The firm’s 50 day simple moving average is $65.95 and its 200 day simple moving average is $83.31. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a one year low of $52.66 and a one year high of $141.63. The company has a market cap of $7.00 billion, a PE ratio of 71.45 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

About Enphase Energy

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.