Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,960 shares of the semiconductor company’s stock after selling 29,157 shares during the period. Lmcg Investments LLC’s holdings in Enphase Energy were worth $3,569,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Avior Wealth Management LLC raised its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC purchased a new position in shares of Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the 3rd quarter worth about $34,000. Finally, Quarry LP purchased a new position in Enphase Energy during the third quarter worth approximately $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $63.69 on Tuesday. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The firm’s 50 day moving average is $69.22 and its two-hundred day moving average is $92.65. The company has a market cap of $8.61 billion, a P/E ratio of 144.75, a P/E/G ratio of 8.01 and a beta of 1.68. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (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 for the quarter, compared to analyst estimates of $392.51 million. During the same period last year, the company posted $0.84 EPS. The firm’s revenue for the quarter was down 30.9% compared to the same quarter last year. Analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets dropped their price target on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their target price 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. Barclays lowered their price target on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Citigroup increased their price target on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $95.59.

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.