Credit Capital Investments LLC Acquires Shares of 3,400 Enphase Energy, Inc. (NASDAQ:ENPH)

Credit Capital Investments LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,400 shares of the semiconductor company’s stock, valued at approximately $384,000. Enphase Energy makes up 0.5% of Credit Capital Investments LLC’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new stake in shares of Enphase Energy in the third quarter worth approximately $34,000. Quest Partners LLC grew its stake in shares of Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 461 shares during the period. Blue Trust Inc. grew its stake 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 worth $49,000 after acquiring an additional 228 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Enphase Energy by 1,727.6% in the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 501 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ENPH shares. Susquehanna reduced their price target on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. William Blair started coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating on the stock. Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, TD Cowen dropped their price objective on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.39.

Enphase Energy Trading Up 0.6 %

ENPH stock traded up $0.37 during mid-day trading on Wednesday, reaching $60.46. 1,497,584 shares of the stock traded hands, compared to its average volume of 3,977,133. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a one year low of $59.26 and a one year high of $141.63. The stock has a market capitalization of $8.17 billion, a PE ratio of 136.57, a PEG ratio of 7.15 and a beta of 1.77. The business has a 50-day moving average price of $98.28 and a two-hundred day moving average price of $108.79.

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

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.