PFG Investments LLC Lowers Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

PFG Investments LLC trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,898 shares of the semiconductor company’s stock after selling 1,484 shares during the period. PFG Investments LLC’s holdings in Enphase Energy were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ENPH. Manchester Capital Management LLC lifted its position in shares of Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 203 shares in the last quarter. Chilton Capital Management LLC lifted its position in shares of Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Enphase Energy in the first quarter valued at about $35,000. TFO Wealth Partners LLC lifted its position in shares of Enphase Energy by 6,720.0% in the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares in the company, valued at approximately $13,306,133.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

Enphase Energy Stock Down 5.2 %

NASDAQ:ENPH opened at $103.04 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $141.63. The company has a 50-day moving average of $111.44 and a 200 day moving average of $115.16. The firm has a market cap of $13.95 billion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 5.74 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million during the quarter, compared to the consensus estimate of $309.73 million. During the same quarter in the prior year, the firm posted $1.16 EPS. The company’s revenue for the quarter was down 57.3% compared to the same quarter last year. As a group, research analysts anticipate that Enphase Energy, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ENPH shares. JPMorgan Chase & Co. boosted their target price on Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. William Blair started coverage on Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Canaccord Genuity Group decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets boosted their target price on Enphase Energy from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $128.89.

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.