Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,361 shares of the semiconductor company’s stock after purchasing an additional 93 shares during the period. Benjamin Edwards Inc.’s holdings in Enphase Energy were worth $335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its position in Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC grew its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Enphase Energy in the 1st quarter worth approximately $35,000. TFO Wealth Partners LLC grew its holdings in shares of Enphase Energy by 6,720.0% in the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 336 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of Enphase Energy by 50.9% in the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Enphase Energy from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 21st. HSBC upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a report on Monday, June 10th. William Blair started coverage on Enphase Energy in a research note on Thursday, August 29th. They issued a “market perform” rating on the stock. Craig Hallum upped their target price on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Susquehanna upped their target price on Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and an average price target of $128.89.

Enphase Energy Stock Down 2.1 %

Shares of NASDAQ ENPH opened at $114.90 on Friday. Enphase Energy, Inc. has a 12-month low of $73.49 and a 12-month high of $141.63. The company has a market cap of $15.63 billion, a P/E ratio of 59.84, a P/E/G ratio of 5.84 and a beta of 1.72. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average price of $112.99 and a 200 day moving average price of $114.56.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same quarter in the prior year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was down 57.3% on a year-over-year basis. Research analysts anticipate that Enphase Energy, Inc. will post 1.19 EPS 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.