Tempus Wealth Planning LLC Buys Shares of 3,258 Enphase Energy, Inc. (NASDAQ:ENPH)

Tempus Wealth Planning LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,258 shares of the semiconductor company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new position in Enphase Energy during the third quarter worth about $1,273,000. Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Enphase Energy in the 3rd quarter valued at approximately $37,475,000. Mizuho Securities USA LLC grew its holdings in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after buying an additional 31,008 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

Enphase Energy stock opened at $66.25 on Wednesday. The firm has a market capitalization of $8.95 billion, a PE ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The stock’s 50 day moving average price is $69.02 and its 200 day moving average price is $89.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Cowen reduced their price objective on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Craig Hallum cut 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 report on Wednesday, October 23rd. Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lowered their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.22.

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.