Aviso Wealth Management Has $773,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Aviso Wealth Management decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.1% in the second quarter, Holdings Channel reports. The fund owned 7,757 shares of the semiconductor company’s stock after selling 165 shares during the period. Aviso Wealth Management’s holdings in Enphase Energy were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC increased its holdings in shares of 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 increased its holdings in shares of 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 period. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy during the 1st quarter worth about $35,000. TFO Wealth Partners LLC increased its holdings in shares of Enphase Energy by 6,720.0% during the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 336 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ENPH. Royal Bank of Canada dropped their price objective on shares of Enphase Energy from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Roth Mkm reissued a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. HSBC raised shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research note on Monday, June 10th. Barclays lowered their target price on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Enphase Energy from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $128.89.

Enphase Energy Stock Up 1.2 %

Shares of ENPH stock opened at $115.00 on Friday. The firm’s fifty day moving average price is $113.43 and its two-hundred day moving average price is $114.14. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $141.63. The firm has a market capitalization of $15.65 billion, a P/E ratio of 59.90, a PEG ratio of 6.19 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.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million during the quarter, compared to the consensus estimate of $309.73 million. During the same period last year, the business earned $1.16 EPS. The business’s revenue was down 57.3% on a year-over-year basis. On average, equities analysts predict that Enphase Energy, Inc. will post 1.19 EPS for the current fiscal year.

About Enphase Energy

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.