Empirical Asset Management LLC Makes New $1.39 Million Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Empirical Asset Management LLC bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,194 shares of the semiconductor company’s stock, valued at approximately $1,387,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Enphase Energy by 372.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock valued at $31,830,000 after purchasing an additional 365,356 shares in the last quarter. Signal Advisors Wealth LLC raised its position in Enphase Energy by 99.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 19,988 shares of the semiconductor company’s stock worth $1,373,000 after acquiring an additional 9,955 shares in the last quarter. Leibman Financial Services Inc. lifted its holdings in Enphase Energy by 58.6% in the fourth quarter. Leibman Financial Services Inc. now owns 29,169 shares of the semiconductor company’s stock valued at $2,003,000 after acquiring an additional 10,774 shares during the period. Eastern Bank grew its stake in shares of Enphase Energy by 29.7% during the 4th quarter. Eastern Bank now owns 12,225 shares of the semiconductor company’s stock worth $840,000 after purchasing an additional 2,800 shares during the period. Finally, TT International Asset Management LTD acquired a new stake in shares of Enphase Energy in the fourth quarter valued at about $484,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 0.3 %

ENPH stock opened at $63.69 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 144.75, a PEG ratio of 7.87 and a beta of 1.68. The business has a fifty day simple moving average of $69.22 and a 200-day simple moving average of $92.96. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business’s revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts expect that Enphase Energy, Inc. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENPH. Bank of America reduced their price target on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. TD Cowen decreased their target price on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Wednesday, October 23rd. Northland Securities decreased their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Finally, Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $95.59.

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.