Symmetry Investments LP Sells 1,100 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Symmetry Investments LP decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,400 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Symmetry Investments LP’s holdings in Enphase Energy were worth $738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. Westfield Capital Management Co. LP bought a new position in shares of Enphase Energy in the 4th quarter worth $41,068,000. Northern Trust Corp increased its stake in Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock valued at $180,314,000 after acquiring an additional 3,940 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Enphase Energy by 48.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock valued at $10,658,000 after purchasing an additional 29,013 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Enphase Energy by 364.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 108,674 shares of the semiconductor company’s stock worth $13,147,000 after purchasing an additional 85,284 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Enphase Energy by 279.6% in the 1st quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock worth $2,934,000 after purchasing an additional 17,861 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Down 2.1 %

Shares of NASDAQ:ENPH opened at $114.90 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The firm has a market capitalization of $15.63 billion, a P/E ratio of 59.84, a P/E/G ratio of 5.84 and a beta of 1.72. The stock has a 50 day moving average price of $112.99 and a 200-day moving average price of $114.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million for the quarter, compared to analysts’ expectations of $309.73 million. During the same period in the prior year, the business posted $1.16 EPS. The business’s quarterly revenue was down 57.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ENPH. Susquehanna boosted their target price on Enphase Energy from $140.00 to $147.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. William Blair started coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating for the company. Glj Research assumed coverage on shares of Enphase Energy in a report on Tuesday, June 25th. They set a “sell” rating and a $45.82 target price on the stock. Bank of America lowered their price target on shares of Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on Enphase Energy from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average target price of $128.89.

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.