SeaCrest Wealth Management LLC Decreases Position in Enphase Energy, Inc. (NASDAQ:ENPH)

SeaCrest Wealth Management LLC trimmed its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 11.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,604 shares of the semiconductor company’s stock after selling 838 shares during the period. SeaCrest Wealth Management LLC’s holdings in Enphase Energy were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Benjamin Edwards Inc. boosted its stake in Enphase Energy by 2.8% during the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after buying an additional 93 shares during the period. Green Alpha Advisors LLC lifted its holdings in shares of Enphase Energy by 1.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after acquiring an additional 102 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Enphase Energy by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 118 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Enphase Energy by 19.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 125 shares during the last quarter. Finally, Empirical Finance LLC raised its position in Enphase Energy by 3.9% in the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ENPH shares. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm cut their price target on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.59.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $63.47 on Friday. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a market cap of $8.58 billion, a PE ratio of 144.25, a P/E/G ratio of 7.87 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The business has a 50-day simple moving average of $69.29 and a two-hundred day simple moving average of $93.19.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). The company had revenue of $380.90 million for 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%. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. As a group, equities analysts expect that Enphase Energy, Inc. will post 0.92 EPS 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.