Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,180 shares of the semiconductor company’s stock after selling 1,892 shares during the period. Janney Montgomery Scott LLC’s holdings in Enphase Energy were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. UMB Bank n.a. increased its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Enphase Energy by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 1,000 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Enphase Energy by 821.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,756 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 2,457 shares during the period. Creative Planning raised its position in Enphase Energy by 49.7% in the 3rd quarter. Creative Planning now owns 16,204 shares of the semiconductor company’s stock valued at $1,831,000 after purchasing an additional 5,379 shares during the last quarter. Finally, Swedbank AB boosted its stake in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after purchasing an additional 11,890 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Piper Sandler lowered their target price on Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Glj Research reissued a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a report on Tuesday, February 4th. Finally, Citigroup increased their price target on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Trading Down 0.7 %

Enphase Energy stock opened at $62.58 on Wednesday. The stock has a 50-day moving average price of $68.15 and a 200 day moving average price of $87.41. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63. The stock has a market cap of $8.46 billion, a PE ratio of 84.57, a P/E/G ratio of 8.78 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities research analysts predict that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal 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.