Enphase Energy, Inc. (NASDAQ:ENPH) Stake Lowered by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,150 shares of the semiconductor company’s stock after selling 902 shares during the period. Stratos Wealth Partners LTD.’s holdings in Enphase Energy were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in Enphase Energy by 6,975.0% in 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 last quarter. UMB Bank n.a. raised its holdings in shares of 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 third quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Finally, Quarry LP acquired a new position in shares of Enphase Energy during the third quarter valued at $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. The Goldman Sachs Group dropped their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research report on Friday, January 31st. Royal Bank of Canada reduced their price target on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, November 22nd. Finally, Piper Sandler cut their price target on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Stock Down 0.7 %

ENPH opened at $62.58 on Wednesday. The company has a market cap of $8.46 billion, a PE ratio of 84.57, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $68.15 and a 200 day moving average of $87.41.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts expect that Enphase Energy, Inc. will post 2.12 EPS for the current year.

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.