Mizuho Securities USA LLC Has $50.74 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mizuho Securities USA LLC grew its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 4,177.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,918 shares of the semiconductor company’s stock after acquiring an additional 438,424 shares during the period. Mizuho Securities USA LLC owned 0.33% of Enphase Energy worth $50,737,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its position in Enphase Energy by 2.8% during the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Enphase Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock valued at $1,165,000 after acquiring an additional 100 shares during the last quarter. Green Alpha Advisors LLC raised its stake in shares of Enphase Energy by 1.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 102 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Enphase Energy by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock worth $557,000 after purchasing an additional 106 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Enphase Energy by 10.2% during the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 118 shares during the period. 72.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI reduced their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. HSBC lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $154.00 to $81.00 in a research report on Friday, November 8th. Canaccord Genuity Group lowered their price target on Enphase Energy from $95.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday. Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective on the stock. in a research note on Wednesday, October 23rd. Finally, Truist Financial decreased their target price on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $102.76.

Enphase Energy Stock Down 6.4 %

Shares of NASDAQ ENPH opened at $59.52 on Friday. Enphase Energy, Inc. has a 52-week low of $59.12 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The business has a fifty day moving average of $95.27 and a two-hundred day moving average of $107.76. The stock has a market cap of $8.04 billion, a PE ratio of 135.27, a PEG ratio of 6.80 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last announced its 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). The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. As a group, equities research analysts expect that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

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.