B. Riley Wealth Advisors Inc. Has $419,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

B. Riley Wealth Advisors Inc. cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 19.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,727 shares of the semiconductor company’s stock after selling 893 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Enphase Energy were worth $419,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ENPH. Avior Wealth Management LLC lifted its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the 3rd quarter worth $34,000. Finally, Quarry LP bought a new position in Enphase Energy during the 3rd quarter worth about $37,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Trading Down 4.4 %

NASDAQ ENPH opened at $65.80 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 149.55, a price-to-earnings-growth ratio of 22.03 and a beta of 1.69. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The business’s fifty day moving average is $76.04 and its 200 day moving average is $100.07.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research reports. Hsbc Global Res lowered Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Cowen reduced their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Piper Sandler decreased their price target on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Evercore ISI cut their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Bank of America decreased their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus price target of $100.33.

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.