MN Wealth Advisors LLC Raises Position in Enphase Energy, Inc. (NASDAQ:ENPH)

MN Wealth Advisors LLC grew its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 61.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,159 shares of the semiconductor company’s stock after acquiring an additional 3,878 shares during the period. MN Wealth Advisors LLC’s holdings in Enphase Energy were worth $698,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the period. nVerses Capital LLC purchased a new stake in shares of Enphase Energy in the 3rd quarter worth about $34,000. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the 3rd quarter worth about $34,000. Quarry LP bought a new position in shares of Enphase Energy in the 3rd quarter worth about $37,000. Finally, Blue Trust Inc. lifted its position in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 228 shares during the period. Institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENPH. HSBC downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $154.00 to $81.00 in a research note on Friday, November 8th. Roth Mkm lowered their price objective on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Oppenheimer raised their price target on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Northland Securities cut their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Up 2.2 %

ENPH stock opened at $63.94 on Friday. The business’s 50-day moving average price is $67.61 and its 200-day moving average price is $86.55. The stock has a market cap of $8.64 billion, a P/E ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.12 EPS for the current year.

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.