Private Advisor Group LLC Sells 12,917 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Private Advisor Group LLC reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 67.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,129 shares of the semiconductor company’s stock after selling 12,917 shares during the period. Private Advisor Group LLC’s holdings in Enphase Energy were worth $693,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its stake in Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC grew its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. UMB Bank n.a. increased its position in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy during the 3rd quarter worth $34,000. Finally, Blue Trust Inc. lifted its holdings in Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 228 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENPH has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Craig Hallum dropped their target price on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. William Blair began coverage on shares of Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating for the company. Roth Mkm lowered their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Northland Securities cut their price objective on shares of Enphase Energy from $150.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.26.

Enphase Energy Stock Up 0.6 %

Shares of ENPH stock opened at $83.54 on Monday. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 189.86, a PEG ratio of 9.32 and a beta of 1.77. The firm’s 50-day moving average is $104.89 and its 200-day moving average is $110.57. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16.

Enphase Energy (NASDAQ:ENPH) last released 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 net margin of 4.91% and a return on equity of 10.56%. The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the prior year, the company earned $0.84 EPS. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. Sell-side analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current year.

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.