Signal Advisors Wealth LLC Raises Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Signal Advisors Wealth LLC grew its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 99.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,988 shares of the semiconductor company’s stock after acquiring an additional 9,955 shares during the period. Signal Advisors Wealth LLC’s holdings in Enphase Energy were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ENPH. Acadian Asset Management LLC purchased a new stake in Enphase Energy during the 2nd quarter valued at approximately $431,000. Quest Partners LLC grew its stake in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares in the last quarter. American Century Companies Inc. increased its holdings in Enphase Energy by 67.5% in the 2nd quarter. American Century Companies Inc. now owns 375,548 shares of the semiconductor company’s stock valued at $37,446,000 after acquiring an additional 151,339 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Enphase Energy by 73.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 153,590 shares of the semiconductor company’s stock worth $16,376,000 after purchasing an additional 64,894 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Enphase Energy by 54.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock valued at $4,438,000 after purchasing an additional 15,776 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the subject of several research analyst reports. Northland Securities cut their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Hsbc Global Res lowered Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Roth Mkm dropped their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Finally, Truist Financial cut their price target on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus price target of $97.86.

Enphase Energy Trading Up 0.2 %

Shares of NASDAQ ENPH opened at $66.87 on Tuesday. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The business has a fifty day moving average price of $70.53 and a 200 day moving average price of $94.11. The stock has a market capitalization of $9.03 billion, a P/E ratio of 151.98, a price-to-earnings-growth ratio of 21.92 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

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