Crossmark Global Holdings Inc. Has $337,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Crossmark Global Holdings Inc. reduced its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,910 shares of the semiconductor company’s stock after selling 472 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Enphase Energy were worth $337,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in Enphase Energy by 54.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock worth $4,438,000 after buying an additional 15,776 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Enphase Energy by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 491,113 shares of the semiconductor company’s stock valued at $48,990,000 after acquiring an additional 6,804 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Enphase Energy by 23.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,226 shares of the semiconductor company’s stock valued at $421,000 after acquiring an additional 795 shares during the last quarter. Public Sector Pension Investment Board increased its position in Enphase Energy by 68.9% in the second quarter. Public Sector Pension Investment Board now owns 5,221 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 2,129 shares during the period. Finally, Marshall Wace LLP raised its holdings in Enphase Energy by 323.8% during the 2nd quarter. Marshall Wace LLP now owns 127,388 shares of the semiconductor company’s stock worth $12,702,000 after purchasing an additional 97,326 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Trading Down 1.4 %

Enphase Energy stock opened at $63.36 on Monday. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63. The stock has a 50-day moving average price of $69.38 and a 200 day moving average price of $91.53. 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 has a market capitalization of $8.56 billion, a price-to-earnings ratio of 144.00, a price-to-earnings-growth ratio of 7.79 and a beta of 1.68.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ENPH shares. Citigroup boosted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Morgan Stanley reduced their price target on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Oppenheimer cut their target price on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen decreased their target price on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy has an average rating of “Hold” and an average price target of $94.09.

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.