Universal Beteiligungs und Servicegesellschaft mbH Has $11.24 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has sold 89,335 shares of Enphase Energy, reducing its stake by 33.0% to approximately 181,199 shares, valued at $11.24 million.
• Several institutional investors have increased their holdings in Enphase Energy, with Invesco Ltd. boosting its stake by 43.4% and Worldquant Millennium Advisors LLC by 531.4% in the fourth quarter.
• Enphase Energy has recently reported a quarterly earnings per share (EPS) of $0.69, exceeding estimates, with a net margin of 11.78% and a revenue increase of 19.7% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 33.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,199 shares of the semiconductor company's stock after selling 89,335 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Enphase Energy worth $11,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its stake in shares of Enphase Energy by 379.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 40,767 shares of the semiconductor company's stock worth $2,530,000 after acquiring an additional 32,257 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after acquiring an additional 255 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Enphase Energy by 41.8% in the first quarter. AustralianSuper Pty Ltd now owns 10,378 shares of the semiconductor company's stock worth $644,000 after acquiring an additional 3,059 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Enphase Energy in the first quarter worth $650,000. Finally, DDD Partners LLC increased its stake in shares of Enphase Energy by 46.2% in the first quarter. DDD Partners LLC now owns 4,275 shares of the semiconductor company's stock worth $265,000 after acquiring an additional 1,351 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENPH. Mizuho dropped their price target on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. DZ Bank downgraded shares of Enphase Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. Glj Research lowered their target price on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. Oppenheimer decreased their price target on shares of Enphase Energy from $86.00 to $77.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, TD Cowen decreased their price target on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $55.86.

Enphase Energy Trading Down 3.5%

Shares of Enphase Energy stock traded down $1.23 on Tuesday, hitting $33.72. 2,536,241 shares of the company's stock traded hands, compared to its average volume of 6,401,972. The firm's 50-day moving average price is $40.68 and its two-hundred day moving average price is $51.73. The stock has a market capitalization of $4.41 billion, a PE ratio of 26.35 and a beta of 1.67. Enphase Energy, Inc. has a one year low of $33.01 and a one year high of $130.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $363.15 million during the quarter, compared to analysts' expectations of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal 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.