Enphase Energy, Inc. (NASDAQ:ENPH) Position Lessened by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 46.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,937 shares of the semiconductor company’s stock after selling 1,668 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Enphase Energy were worth $219,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Avior Wealth Management LLC lifted its holdings in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares during the period. UMB Bank n.a. lifted its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new position in shares of Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quest Partners LLC grew its stake in shares of Enphase Energy by 11,525.0% during the second 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. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Performance

ENPH opened at $73.84 on Friday. The firm has a fifty day moving average price of $78.75 and a 200 day moving average price of $101.69. The stock has a market cap of $9.98 billion, a P/E ratio of 167.82, a P/E/G ratio of 22.03 and a beta of 1.69. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was down 30.9% on a year-over-year basis. Equities research analysts anticipate that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on ENPH shares. Royal Bank of Canada lowered their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Morgan Stanley reduced their price target on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Craig Hallum dropped their price target on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Barclays dropped their target price on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Roth Mkm reduced their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.13.

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.