989 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 989 shares of the semiconductor company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. boosted its holdings in Enphase Energy by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Enphase Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock worth $1,165,000 after acquiring an additional 100 shares during the last quarter. Green Alpha Advisors LLC boosted its stake in shares of Enphase Energy by 1.4% during 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. Crossmark Global Holdings Inc. boosted its stake in shares of Enphase Energy by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock worth $557,000 after acquiring an additional 106 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Enphase Energy by 0.4% during the 1st quarter. Jennison Associates LLC now owns 30,598 shares of the semiconductor company’s stock worth $3,702,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of several analyst reports. Citigroup dropped their price target on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Roth Mkm decreased their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley decreased their price objective on shares of Enphase Energy from $102.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Susquehanna reduced their price target on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $111.26.

Enphase Energy Price Performance

Enphase Energy stock opened at $83.54 on Monday. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $141.63. The stock has a market cap of $11.29 billion, a P/E ratio of 189.86, a PEG ratio of 9.32 and a beta of 1.77. The company has a 50-day moving average price of $104.89 and a 200 day moving average price of $110.57. 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 released its quarterly earnings results 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 company had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. Sell-side analysts anticipate that Enphase Energy, Inc. will post 0.92 earnings per share 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.