Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,437 shares of the semiconductor company’s stock after acquiring an additional 1,294 shares during the period. Advisors Asset Management Inc.’s holdings in Enphase Energy were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its holdings in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. increased its position in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter valued at $34,000. Quest Partners LLC boosted its holdings in shares of Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 228 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut 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 report on Wednesday, October 23rd. William Blair initiated coverage on Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating for the company. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Canaccord Genuity Group reiterated a “hold” rating and set a $76.00 price target on shares of Enphase Energy in a research report on Tuesday, November 19th. Finally, Citigroup cut their price objective on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Four research 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, Enphase Energy has an average rating of “Hold” and a consensus price target of $101.13.

Enphase Energy Trading Up 8.5 %

NASDAQ:ENPH opened at $71.91 on Tuesday. The stock has a market cap of $9.72 billion, a PE ratio of 163.43, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The stock’s 50-day moving average is $90.14 and its two-hundred day moving average is $105.77.

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 company had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, equities research analysts forecast that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

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.