Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 6.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,102 shares of the semiconductor company’s stock after selling 691 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Enphase Energy were worth $1,142,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. acquired a new position in shares of Enphase Energy during the third quarter worth $210,000. Gould Capital LLC boosted its position in shares of Enphase Energy by 2.1% during the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 212 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Enphase Energy by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after acquiring an additional 20,579 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of Enphase Energy by 6.8% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,542 shares of the semiconductor company’s stock valued at $513,000 after acquiring an additional 290 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Enphase Energy by 4.0% in the third quarter. M&T Bank Corp now owns 18,907 shares of the semiconductor company’s stock valued at $2,137,000 after purchasing an additional 726 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

ENPH stock opened at $68.80 on Thursday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 156.36, a PEG ratio of 22.03 and a beta of 1.69. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $76.71 and a 200-day moving average of $100.31. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its 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 firm had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, equities analysts expect that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ENPH shares. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Wednesday, October 23rd. Northland Securities dropped their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Citigroup cut their target price 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. Finally, Roth Mkm decreased their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.33.

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.