1,840 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,840 shares of the semiconductor company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENPH. Seven Eight Capital LP increased its position in Enphase Energy by 61.2% in the 1st quarter. Seven Eight Capital LP now owns 14,971 shares of the semiconductor company’s stock valued at $1,811,000 after acquiring an additional 5,681 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Enphase Energy in the 1st quarter valued at about $12,624,000. Bessemer Group Inc. increased its position in Enphase Energy by 198.3% in the 1st quarter. Bessemer Group Inc. now owns 1,897 shares of the semiconductor company’s stock valued at $229,000 after acquiring an additional 1,261 shares in the last quarter. Saturna Capital Corp increased its position in Enphase Energy by 27.7% in the 1st quarter. Saturna Capital Corp now owns 4,828 shares of the semiconductor company’s stock valued at $584,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Enphase Energy by 52.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 287,784 shares of the semiconductor company’s stock valued at $34,816,000 after acquiring an additional 98,465 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH opened at $59.52 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a twelve month low of $59.12 and a twelve month high of $141.63. The firm has a market cap of $8.04 billion, a P/E ratio of 135.27, a PEG ratio of 18.20 and a beta of 1.77. The firm’s 50 day moving average price is $95.27 and its two-hundred day moving average price is $107.77.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, analysts forecast that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price 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. Northland Securities reduced their target price on shares of Enphase Energy from $150.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Raymond James reduced their target price on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and an average price target of $102.76.

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.