Caitlin John LLC Trims Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Caitlin John LLC decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 11.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,500 shares of the semiconductor company’s stock after selling 200 shares during the period. Caitlin John LLC’s holdings in Enphase Energy were worth $103,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENPH. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the period. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy during the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new position in Enphase Energy in the 3rd quarter worth approximately $34,000. Finally, Quarry LP bought a new position in Enphase Energy in the 3rd quarter worth approximately $37,000. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENPH. Raymond James reduced their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Glj Research reiterated a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research note on Tuesday. Piper Sandler cut their price objective on Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Roth Mkm decreased their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $90.79.

Enphase Energy Trading Down 1.5 %

NASDAQ ENPH opened at $65.26 on Thursday. The stock has a market cap of $8.82 billion, a PE ratio of 148.32, a PEG ratio of 8.22 and a beta of 1.68. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company’s 50-day moving average price is $68.88 and its 200-day moving average price is $88.95. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Equities research analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share 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.