3,520 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by L & S Advisors Inc

L & S Advisors Inc bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,520 shares of the semiconductor company’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ENPH. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. lifted its holdings in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC acquired a new stake in Enphase Energy during the 3rd quarter worth about $34,000. Blue Trust Inc. raised its position in shares of Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 228 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a report on Friday, November 8th. Truist Financial dropped their target price on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Barclays reduced their price target on shares of 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 cut their price objective 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. Finally, Citigroup reduced their target price on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.09.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $63.59 on Friday. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 144.52, a price-to-earnings-growth ratio of 18.81 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a 50 day moving average price of $91.80 and a 200-day moving average price of $106.49. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the prior year, the company earned $0.84 earnings per share. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. Equities analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current 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.