Fagan Associates Inc. Sells 7,510 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Fagan Associates Inc. lowered its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,955 shares of the semiconductor company’s stock after selling 7,510 shares during the period. Fagan Associates Inc.’s holdings in Enphase Energy were worth $1,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in shares of Enphase Energy by 6,975.0% in the third 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 period. nVerses Capital LLC bought a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of Enphase Energy in the third quarter valued at approximately $37,000. Finally, Blue Trust Inc. raised its position in shares of 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 purchasing an additional 228 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ENPH shares. TD Cowen lowered their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Oppenheimer upped their target price on shares of Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays decreased their target price on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Northland Securities decreased their target price on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Finally, Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $65.69 on Wednesday. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 88.77 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company has a fifty day moving average of $67.18 and a 200-day moving average of $85.75. 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, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 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.