2,115 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,115 shares of the semiconductor company’s stock, valued at approximately $239,000.

Several other large investors also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd 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. boosted its stake in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the 3rd quarter worth about $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy during the 3rd quarter worth about $37,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENPH. Citigroup decreased their price objective 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. Raymond James dropped their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Truist Financial cut their price objective on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Enphase Energy from $145.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Piper Sandler cut their price target on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, November 22nd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $100.33.

Enphase Energy Stock Up 2.5 %

Enphase Energy stock opened at $73.40 on Wednesday. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 166.82, a PEG ratio of 22.03 and a beta of 1.69. The company’s 50 day simple moving average is $78.05 and its 200 day simple moving average is $100.91. 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, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63.

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