Creative Planning Raises Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Creative Planning boosted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 49.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,204 shares of the semiconductor company’s stock after buying an additional 5,379 shares during the quarter. Creative Planning’s holdings in Enphase Energy were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. boosted its stake in Enphase Energy by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after buying an additional 93 shares in the last quarter. Hollencrest Capital Management boosted its stake in Enphase Energy by 3.3% in the first quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock worth $1,165,000 after buying an additional 100 shares in the last quarter. Green Alpha Advisors LLC boosted its stake in Enphase Energy by 1.4% in the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after buying an additional 102 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Enphase Energy by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock worth $557,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Up 1.0 %

ENPH stock opened at $84.68 on Tuesday. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $141.63. 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 stock has a market cap of $11.52 billion, a P/E ratio of 44.10, a PEG ratio of 8.07 and a beta of 1.72. The business’s 50-day moving average price is $107.74 and its 200-day moving average price is $111.41.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. The company had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 30.9% on a year-over-year basis. On average, equities research analysts forecast that Enphase Energy, Inc. will post 1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENPH. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 23rd. BMO Capital Markets dropped their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research note on Monday, October 14th. Truist Financial dropped their price objective on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.26.

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.