Quantinno Capital Management LP Sells 3,535 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Quantinno Capital Management LP reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 27.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,503 shares of the semiconductor company’s stock after selling 3,535 shares during the period. Quantinno Capital Management LP’s holdings in Enphase Energy were worth $1,074,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ENPH. Quarry LP bought a new position in shares of Enphase Energy in the 3rd quarter valued at $37,000. Royal London Asset Management Ltd. boosted its position in Enphase Energy by 9.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 56,852 shares of the semiconductor company’s stock worth $6,425,000 after buying an additional 4,789 shares during the period. Motley Fool Asset Management LLC acquired a new position in Enphase Energy in the 3rd quarter valued at approximately $206,000. Ingalls & Snyder LLC raised its stake in shares of Enphase Energy by 4.2% during the third quarter. Ingalls & Snyder LLC now owns 7,869 shares of the semiconductor company’s stock valued at $889,000 after acquiring an additional 320 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its stake in shares of Enphase Energy by 106.8% in the third quarter. Investment Management Corp of Ontario now owns 6,379 shares of the semiconductor company’s stock worth $721,000 after purchasing an additional 3,294 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Down 1.7 %

Shares of Enphase Energy stock opened at $73.00 on Friday. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year 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 cap of $9.86 billion, a PE ratio of 165.91, a PEG ratio of 21.24 and a beta of 1.69. The company has a 50 day simple moving average of $79.39 and a two-hundred day simple moving average of $102.05.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Analysts expect that Enphase Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

ENPH has been the subject of several recent research reports. Craig Hallum decreased their price target on Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Canaccord Genuity Group reissued a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a research report on Tuesday, November 19th. Citigroup lowered their target price on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Truist Financial lowered their price objective on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and a consensus target price of $101.13.

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.