Migdal Insurance & Financial Holdings Ltd. Has $804,000 Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 18.5% in the third quarter, Holdings Channel reports. The institutional investor owned 7,020 shares of the semiconductor company’s stock after selling 1,595 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Enphase Energy were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in Enphase Energy by 2.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock valued at $1,165,000 after purchasing an additional 100 shares in the last quarter. Green Alpha Advisors LLC boosted its position in shares of Enphase Energy by 1.4% during the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 102 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Enphase Energy by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 106 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in Enphase Energy by 10.2% during the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after buying an additional 118 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Trading Down 6.6 %

Shares of Enphase Energy stock opened at $66.90 on Monday. The company’s 50-day moving average price is $100.48 and its 200-day moving average price is $109.46. 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, Inc. has a 12-month low of $65.66 and a 12-month high of $141.63. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 152.05, a PEG ratio of 8.40 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results 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 return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the company posted $0.84 EPS. The business’s revenue was down 30.9% on a year-over-year basis. On average, equities analysts expect that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENPH shares. Canaccord Genuity Group cut Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets dropped their price target on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research report on Monday, October 14th. Morgan Stanley reduced their price objective on shares of Enphase Energy from $102.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Craig Hallum decreased their price objective on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their target price on Enphase Energy from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $104.03.

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.