Y.D. More Investments Ltd Has $624,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Y.D. More Investments Ltd trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,090 shares of the semiconductor company’s stock after selling 4,450 shares during the period. Y.D. More Investments Ltd’s holdings in Enphase Energy were worth $624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Redwood Wealth Management Group LLC lifted its holdings in Enphase Energy by 12.9% during the 4th quarter. Redwood Wealth Management Group LLC now owns 5,067 shares of the semiconductor company’s stock valued at $348,000 after purchasing an additional 579 shares during the last quarter. Tempus Wealth Planning LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at about $224,000. Golden State Equity Partners lifted its stake in shares of Enphase Energy by 1,123.3% during the 4th quarter. Golden State Equity Partners now owns 3,156 shares of the semiconductor company’s stock worth $217,000 after buying an additional 2,898 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Enphase Energy by 12.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,719 shares of the semiconductor company’s stock worth $324,000 after buying an additional 540 shares during the period. Finally, Everett Harris & Co. CA acquired a new position in Enphase Energy in the 4th quarter valued at about $237,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 23rd. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group reduced 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 report on Wednesday, January 22nd. Finally, Craig Hallum lowered their price target on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $93.22.

Enphase Energy Price Performance

Enphase Energy stock opened at $66.25 on Wednesday. The stock has a 50-day moving average price of $69.02 and a two-hundred day moving average price of $89.11. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a market capitalization of $8.95 billion, a PE ratio of 150.57, a P/E/G ratio of 8.22 and a beta of 1.68. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Analysts expect that Enphase Energy, Inc. will post 0.92 EPS for the current 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.