Y Intercept Hong Kong Ltd Takes $584,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Y Intercept Hong Kong Ltd bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,510 shares of the semiconductor company’s stock, valued at approximately $584,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd 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. Stone House Investment Management LLC purchased a new position in shares of Enphase Energy in the third quarter worth $34,000. Quarry LP purchased a new position in shares of Enphase Energy in the third quarter worth $37,000. Brooklyn Investment Group bought a new position in shares of Enphase Energy during the third quarter worth $55,000. Finally, Prospera Private Wealth LLC purchased a new position in Enphase Energy during the third quarter valued at $62,000. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ENPH shares. BMO Capital Markets decreased their price target on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Susquehanna dropped their price target on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Oppenheimer upped their price objective on Enphase Energy from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Truist Financial reissued a “hold” rating and issued a $65.00 target price (down from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Trading Down 6.3 %

ENPH stock opened at $57.33 on Friday. Enphase Energy, Inc. has a 12 month low of $56.83 and a 12 month high of $141.63. The firm’s 50-day moving average is $65.95 and its 200 day moving average is $83.50. The company has a market capitalization of $7.59 billion, a PE ratio of 77.47 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.