Essex Investment Management Co. LLC Lowers Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Essex Investment Management Co. LLC decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,261 shares of the semiconductor company’s stock after selling 191 shares during the period. Essex Investment Management Co. LLC’s holdings in Enphase Energy were worth $1,160,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ENPH. Manchester Capital Management LLC increased its position in shares of Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the last quarter. Chilton Capital Management LLC raised its position in shares of Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Enphase Energy by 784.8% during the 3rd 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 last quarter. Quest Partners LLC grew its position in 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 in the last quarter. Finally, Mather Group LLC. increased its stake in Enphase Energy by 1,727.6% in the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 501 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ENPH shares. Glj Research initiated coverage on Enphase Energy in a report on Tuesday, June 25th. They issued a “sell” rating and a $45.82 price objective for the company. Morgan Stanley lifted their price target on shares of Enphase Energy from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Bank of America upped their price objective on shares of Enphase Energy from $82.00 to $84.00 and gave the company an “underperform” rating in a research note on Thursday. Barclays decreased their target price on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, William Blair initiated coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.99.

Enphase Energy Stock Up 1.8 %

ENPH traded up $1.78 during trading on Friday, reaching $100.97. The stock had a trading volume of 2,705,362 shares, compared to its average volume of 3,715,652. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 52.59, a P/E/G ratio of 5.57 and a beta of 1.72. The stock’s 50 day moving average is $112.35 and its two-hundred day moving average is $113.73. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company’s revenue was down 57.3% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. As a group, analysts expect that Enphase Energy, Inc. will post 1.19 earnings per share for the current year.

About Enphase Energy

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.