Quest Partners LLC Purchases 3,006 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Quest Partners LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 646.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,471 shares of the semiconductor company’s stock after purchasing an additional 3,006 shares during the quarter. Quest Partners LLC’s holdings in Enphase Energy were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Enphase Energy in the third quarter valued at $1,273,000. Mizuho Securities USA LLC grew its stake in Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Enphase Energy by 15.9% in the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after acquiring an additional 31,008 shares during the period. Swedbank AB lifted its position in Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after acquiring an additional 11,890 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Enphase Energy by 10.0% during the third quarter. KBC Group NV now owns 127,583 shares of the semiconductor company’s stock worth $14,420,000 after acquiring an additional 11,578 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ENPH shares. Citigroup dropped their price target on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group lowered shares of Enphase Energy from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Oppenheimer cut their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Northland Securities reduced their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.13.

Enphase Energy Stock Up 4.3 %

Shares of ENPH opened at $66.29 on Monday. The stock’s 50-day moving average price is $90.93 and its two-hundred day moving average price is $106.04. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a market capitalization of $8.96 billion, a PE ratio of 150.66, a PEG ratio of 19.49 and a beta of 1.77. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last posted 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 during 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%. Enphase Energy’s revenue was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts anticipate that Enphase Energy, Inc. will post 0.91 EPS 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.