Enphase Energy, Inc. (NASDAQ:ENPH) Stake Cut by BNP Paribas

BNP Paribas decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,721 shares of the semiconductor company’s stock after selling 527 shares during the period. BNP Paribas’ holdings in Enphase Energy were worth $4,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. boosted its stake 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 acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new position in shares of Enphase Energy during the third quarter valued at approximately $34,000. Blue Trust Inc. raised its position in shares of Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 228 shares during the period. Finally, Quest Partners LLC raised 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 worth $46,000 after purchasing an additional 461 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Down 2.0 %

ENPH stock opened at $70.50 on Wednesday. The company’s 50 day simple moving average is $90.14 and its 200-day simple moving average is $105.77. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The firm has a market capitalization of $9.53 billion, a P/E ratio of 160.23, a P/E/G ratio of 21.26 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data 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 business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. The company’s revenue was down 30.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

ENPH has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Susquehanna lowered 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 report on Thursday, October 24th. Evercore ISI cut their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price for the company. in a research report on Wednesday, October 23rd. Finally, TD Cowen reduced their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.13.

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.