Cerity Partners LLC Grows Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Cerity Partners LLC increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 102.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,988 shares of the semiconductor company’s stock after buying an additional 5,565 shares during the quarter. Cerity Partners LLC’s holdings in Enphase Energy were worth $1,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. increased its holdings in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its holdings in Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares during the last quarter. Finally, Quest Partners LLC increased its holdings 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 purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Down 2.5 %

Shares of Enphase Energy stock opened at $73.26 on Wednesday. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company’s 50-day simple moving average is $85.62 and its 200-day simple moving average is $104.31. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 166.50, a price-to-earnings-growth ratio of 22.30 and a beta of 1.69.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

ENPH has been the subject of several research reports. Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. 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 for the company in a report on Friday, November 22nd. Barclays dropped their target price on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Northland Securities dropped their price target on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Finally, BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $101.13.

Enphase Energy Company 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.