Tempus Wealth Planning LLC Makes New Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Tempus Wealth Planning LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,258 shares of the semiconductor company’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of ENPH. Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock worth $155,360,000 after buying an additional 1,258,778 shares during the period. Mizuho Securities USA LLC increased its position in shares of 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 purchasing an additional 438,424 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $48,442,000. Montrusco Bolton Investments Inc. lifted its position in shares of Enphase Energy by 93.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after purchasing an additional 424,327 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Enphase Energy by 372.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock worth $31,830,000 after purchasing an additional 365,356 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Up 3.7 %

Shares of ENPH stock opened at $66.25 on Wednesday. The business’s fifty day moving average price is $69.02 and its 200 day moving average price is $89.11. The firm has a market capitalization of $8.95 billion, a PE ratio of 150.57, a P/E/G ratio of 8.22 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ENPH shares. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Truist Financial restated a “hold” rating and set a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Evercore ISI dropped their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley dropped 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 report on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.22.

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.