Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the semiconductor company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Enphase Energy were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC boosted its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in Enphase Energy during the third quarter worth $34,000. Quarry LP acquired a new stake in Enphase Energy during the third quarter valued at $37,000. Finally, Blue Trust Inc. increased its holdings in Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 228 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Trading Up 2.7 %

NASDAQ ENPH opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. The stock has a market capitalization of $8.70 billion, a P/E ratio of 88.77, a PEG ratio of 8.78 and a beta of 1.68. The firm’s 50-day moving average is $67.18 and its two-hundred day moving average is $85.75. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

ENPH has been the topic of a number of analyst reports. Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and dropped their target price for the company from $93.00 to $61.00 in a research report on Thursday, November 7th. Morgan Stanley cut their price objective on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Northland Securities decreased their target price 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. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Finally, Canaccord Genuity Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.42.

Enphase Energy 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.