Enphase Energy, Inc. (NASDAQ:ENPH) Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,674 shares of the semiconductor company’s stock after selling 483 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enphase Energy were worth $1,884,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new position in Enphase Energy in the 3rd quarter valued at $34,000. Quest Partners LLC grew its stake in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 461 shares during the last quarter. 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 worth $49,000 after acquiring an additional 228 shares during the last quarter. Finally, Mather Group LLC. lifted its position in shares of Enphase Energy by 1,727.6% during the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $66.29 on Monday. The company has a 50 day simple moving average of $90.93 and a two-hundred day simple moving average of $106.04. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a market capitalization of $8.96 billion, a PE ratio of 150.66, a P/E/G ratio of 19.49 and a beta of 1.77. 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 announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. Research analysts anticipate that Enphase Energy, Inc. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

ENPH has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday. Morgan Stanley cut their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Canaccord Genuity Group reissued a “hold” rating and issued a $76.00 price target on shares of Enphase Energy in a report on Tuesday, November 19th. Evercore ISI cut their target price on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Raymond James dropped their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Four investment 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.13.

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.