Ingalls & Snyder LLC Acquires 320 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Ingalls & Snyder LLC lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,869 shares of the semiconductor company’s stock after acquiring an additional 320 shares during the quarter. Ingalls & Snyder LLC’s holdings in Enphase Energy were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ENPH. Baillie Gifford & Co. raised its position in shares of Enphase Energy by 0.9% in the third quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock valued at $716,897,000 after purchasing an additional 58,040 shares during the period. Swedbank AB grew its stake in Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after buying an additional 11,890 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock valued at $265,609,000 after acquiring an additional 142,491 shares during the period. Electron Capital Partners LLC lifted its position in Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after acquiring an additional 1,078,154 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Enphase Energy by 5.7% during the third quarter. FMR LLC now owns 1,036,699 shares of the semiconductor company’s stock worth $117,168,000 after acquiring an additional 56,136 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Bank of America lowered their target price on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Barclays dropped their target price on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lowered their price target 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. William Blair began coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating for the company. Finally, Susquehanna lowered their target price on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $101.13.

Enphase Energy Price Performance

ENPH stock opened at $73.26 on Wednesday. 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 company’s 50-day moving average is $85.62 and its 200-day moving average is $104.31. The stock has a market capitalization of $9.90 billion, a PE ratio of 166.50, a price-to-earnings-growth ratio of 22.30 and a beta of 1.69. 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, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. Equities research analysts expect that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

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.