Bedell Frazier Investment Counselling LLC Raises Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Bedell Frazier Investment Counselling LLC lifted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 10.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,727 shares of the semiconductor company’s stock after acquiring an additional 803 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Enphase Energy were worth $986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ENPH. Avior Wealth Management LLC boosted its holdings 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 purchasing an additional 279 shares during the last quarter. UMB Bank n.a. lifted its holdings in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC bought a new position in Enphase Energy during the 3rd quarter worth approximately $34,000. Quest Partners LLC lifted its holdings in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of research analyst reports. Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a report on Wednesday, October 23rd. Citigroup dropped their price target on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “hold” rating and set a $76.00 price target on shares of Enphase Energy in a research report on Tuesday, November 19th. Susquehanna dropped their price target on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Finally, HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $154.00 to $81.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.13.

Enphase Energy Trading Up 4.3 %

Enphase Energy stock opened at $66.29 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The business’s 50-day simple moving average is $90.93 and its 200-day simple moving average is $106.04. The firm has a market capitalization of $8.96 billion, a PE ratio of 150.66, a PEG ratio of 20.32 and a beta of 1.77. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. Equities research analysts forecast that Enphase Energy, Inc. will post 0.91 earnings per share for the current year.

Enphase Energy 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.