Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 97.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the semiconductor company’s stock after selling 443,000 shares during the quarter. Calamos Wealth Management LLC’s holdings in Enphase Energy were worth $824,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Enphase Energy in the 2nd quarter valued at approximately $1,878,000. Centaurus Financial Inc. grew its stake in shares of Enphase Energy by 10.2% in the second quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 118 shares in the last quarter. Czech National Bank grew its stake in shares of Enphase Energy by 6.4% in the third quarter. Czech National Bank now owns 27,586 shares of the semiconductor company’s stock valued at $3,118,000 after buying an additional 1,658 shares in the last quarter. GAMMA Investing LLC lifted its stake in Enphase Energy by 32.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,130 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 522 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Enphase Energy during the 3rd quarter worth about $210,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $66.25 on Wednesday. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 150.57, a PEG ratio of 8.22 and a beta of 1.68. The company has a 50-day simple moving average of $69.02 and a 200-day simple moving average of $89.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. On average, analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ENPH. Raymond James cut 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. Truist Financial reissued a “hold” rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 23rd. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Barclays cut their price target on Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.22.

About Enphase Energy

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.