Clear Harbor Asset Management LLC Reduces Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Clear Harbor Asset Management LLC reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,394 shares of the semiconductor company’s stock after selling 420 shares during the period. Enphase Energy comprises approximately 1.0% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 20th largest position. Clear Harbor Asset Management LLC owned approximately 0.13% of Enphase Energy worth $12,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENPH. Harbor Capital Advisors Inc. purchased a new position in Enphase Energy in the third quarter valued at approximately $1,273,000. Charles Schwab Investment Management Inc. grew its position in shares of Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after buying an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Enphase Energy during the 3rd quarter worth $37,475,000. Mizuho Securities USA LLC lifted its position in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after purchasing an additional 31,008 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ENPH shares. Susquehanna decreased their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Canaccord Genuity Group lowered Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price target on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a report on Monday, October 14th. Finally, BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.59.

Enphase Energy Trading Up 0.3 %

Shares of ENPH stock opened at $63.69 on Tuesday. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The firm’s 50-day simple moving average is $69.22 and its 200-day simple moving average is $92.65. The firm has a market cap of $8.61 billion, a P/E ratio of 144.75, a PEG ratio of 8.01 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 (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. As a group, equities analysts forecast 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.