Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,300 shares of the semiconductor company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Enphase Energy were worth $501,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Enphase Energy in the 3rd quarter worth about $1,273,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Enphase Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after acquiring an additional 16,234 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Enphase Energy during the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC raised its holdings in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc raised its holdings in shares of Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after acquiring an additional 31,008 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 2.7 %

Shares of NASDAQ ENPH opened at $65.69 on Wednesday. The stock has a market cap of $8.70 billion, a P/E ratio of 88.77, a PEG 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, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63. The business’s fifty day simple moving average is $67.18 and its 200-day simple moving average is $85.75.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Roth Mkm reduced their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their target price on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Wednesday, October 23rd. Truist Financial reissued a “hold” rating and set a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Finally, Royal Bank of Canada reduced their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.42.

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.