Prospera Private Wealth LLC Makes New $62,000 Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Prospera Private Wealth LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 545 shares of the semiconductor company’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Enphase Energy by 12.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,085 shares of the semiconductor company’s stock worth $1,818,000 after purchasing an additional 1,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Enphase Energy in the 3rd quarter valued at $572,000. Caprock Group LLC acquired a new position in Enphase Energy in the 3rd quarter valued at $231,000. Finally, Pathstone Holdings LLC increased its position in Enphase Energy by 10.3% during the 3rd quarter. Pathstone Holdings LLC now owns 12,405 shares of the semiconductor company’s stock worth $1,402,000 after buying an additional 1,162 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ENPH. Northland Securities decreased their price target on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their target price on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Susquehanna lowered their price objective on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $76.00 target price on shares of Enphase Energy in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and an average target price of $102.09.

Enphase Energy Stock Up 0.3 %

ENPH opened at $63.59 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $91.80 and its 200 day simple moving average is $106.49. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63. The stock has a market cap of $8.59 billion, a PE ratio of 144.52, a P/E/G ratio of 18.81 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 the consensus estimate of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, research analysts expect that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal 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.