Mirador Capital Partners LP Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mirador Capital Partners LP lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,698 shares of the semiconductor company’s stock after purchasing an additional 466 shares during the period. Mirador Capital Partners LP’s holdings in Enphase Energy were worth $644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. Manchester Capital Management LLC grew its stake in shares of Enphase Energy by 1,068.4% during the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 203 shares in the last quarter. Chilton Capital Management LLC increased its holdings in Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Enphase Energy in the 1st quarter valued at approximately $35,000. TFO Wealth Partners LLC grew its position in shares of Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

ENPH traded down $0.84 during trading on Friday, reaching $105.95. 2,732,819 shares of the company’s stock were exchanged, compared to its average volume of 3,746,257. The company has a market capitalization of $14.42 billion, a P/E ratio of 55.18, a PEG ratio of 6.19 and a beta of 1.72. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $113.09 and a 200 day moving average price of $114.03. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share 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 business had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. During the same quarter last year, the firm posted $1.16 earnings per share. Enphase Energy’s revenue was down 57.3% on a year-over-year basis. As a group, analysts predict that Enphase Energy, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. William Blair began coverage on Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating on the stock. HSBC upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Monday, June 10th. Roth Mkm reiterated a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. Guggenheim reduced their price target on shares of Enphase Energy from $93.00 to $90.00 and set a “sell” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada decreased their price target on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and an average price target of $127.17.

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.