Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 1,123.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,156 shares of the semiconductor company’s stock after purchasing an additional 2,898 shares during the quarter. Golden State Equity Partners’ holdings in Enphase Energy were worth $217,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of 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 period. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% in the third 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 during the period. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the third quarter valued at about $37,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Trading Up 3.7 %

Shares of ENPH stock opened at $66.25 on Wednesday. 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 stock has a market capitalization of $8.95 billion, a P/E ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The company has a 50 day moving average price of $69.02 and a 200 day moving average price of $89.11. 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 posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Equities research analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENPH. Raymond James decreased their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Glj Research reissued a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a research note on Tuesday. Wells Fargo & Company decreased their price target on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen decreased their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.22.

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.