Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Leibman Financial Services Inc.

Leibman Financial Services Inc. lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,395 shares of the semiconductor company’s stock after buying an additional 315 shares during the quarter. Leibman Financial Services Inc.’s holdings in Enphase Energy were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its stake in shares of 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 during the last quarter. Fermata Advisors LLC lifted its holdings in Enphase Energy by 1.4% during the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after purchasing an additional 100 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Enphase Energy by 3.3% in the 1st quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of 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 valued at $1,165,000 after buying an additional 100 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted its position in shares of Enphase Energy by 1.4% during the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 102 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Down 2.1 %

Shares of NASDAQ ENPH opened at $104.17 on Wednesday. The firm has a market cap of $14.17 billion, a PE ratio of 54.26, a price-to-earnings-growth 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. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $141.63. The business has a fifty day simple moving average of $112.84 and a two-hundred day simple moving average of $113.93.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Enphase Energy from $115.00 to $114.00 and set a “market perform” rating for the company in a research report on Wednesday, October 2nd. Susquehanna upped their price objective on Enphase Energy from $140.00 to $147.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. Jefferies Financial Group reissued a “hold” rating and set a $115.00 price target (up from $111.00) on shares of Enphase Energy in a research report on Wednesday, September 4th. Craig Hallum raised their target price on shares of Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Canaccord Genuity Group reduced their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $126.42.

Enphase Energy 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.