Mercer Global Advisors Inc. ADV Raises Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 23.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,226 shares of the semiconductor company’s stock after acquiring an additional 795 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Enphase Energy were worth $421,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SCP Investment LP purchased a new position in Enphase Energy in the fourth quarter worth about $355,000. Steward Partners Investment Advisory LLC raised its holdings in Enphase Energy by 28.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,342 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 2,721 shares during the last quarter. Stifel Financial Corp raised its holdings in Enphase Energy by 25.0% in the fourth quarter. Stifel Financial Corp now owns 101,140 shares of the semiconductor company’s stock worth $13,365,000 after buying an additional 20,247 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in Enphase Energy by 6,720.0% in 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 during the last quarter. Finally, Rathbones Group PLC raised its holdings in Enphase Energy by 28.4% in the fourth quarter. Rathbones Group PLC now owns 29,671 shares of the semiconductor company’s stock worth $3,921,000 after buying an additional 6,557 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

ENPH opened at $115.00 on Friday. The firm has a market cap of $15.65 billion, a P/E ratio of 59.90, a PEG ratio of 6.19 and a beta of 1.72. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $141.63. The company has a 50 day simple moving average of $113.43 and a two-hundred day simple moving average of $114.14. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

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

Analyst Ratings Changes

ENPH has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $115.00 target price (up from $111.00) on shares of Enphase Energy in a report on Wednesday, September 4th. Piper Sandler lifted their target price on shares of Enphase Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. William Blair assumed coverage on shares of Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating for the company. Barclays decreased their price objective on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Bank of America decreased their price objective on shares of Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $128.89.

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.