OneDigital Investment Advisors LLC Buys New Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

OneDigital Investment Advisors LLC purchased a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 2,008 shares of the semiconductor company’s stock, valued at approximately $227,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted 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 purchasing an additional 259 shares during the period. nVerses Capital LLC purchased a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Quest Partners LLC boosted its holdings in shares of Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the period. Blue Trust Inc. grew its position in shares of 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 during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Enphase Energy by 1,727.6% in the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $66.29 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The business’s fifty day moving average price is $91.80 and its two-hundred day moving average price is $106.49. The stock has a market cap of $8.96 billion, a PE ratio of 150.66, a price-to-earnings-growth ratio of 18.81 and a beta of 1.77. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS 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 10.56%. The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was down 30.9% on a year-over-year basis. On average, analysts forecast that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. HSBC lowered Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $154.00 to $81.00 in a report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley cut their price objective on shares of 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. Finally, BMO Capital Markets lowered their target price on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $101.13.

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.