Mutual of America Capital Management LLC Trims Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Mutual of America Capital Management LLC cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 16,674 shares of the semiconductor company’s stock after selling 483 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Enphase Energy were worth $1,884,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings 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 in the last quarter. nVerses Capital LLC purchased a new stake in Enphase Energy during the 3rd quarter valued at about $34,000. Quest Partners LLC increased its stake in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares in the last quarter. Blue Trust Inc. raised its holdings in Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Enphase Energy by 1,727.6% in the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after buying an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several analyst reports. Raymond James lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley reduced their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target on the stock. in a report on Wednesday, October 23rd. Finally, Craig Hallum reduced their price target on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $101.13.

Enphase Energy Stock Up 4.3 %

Shares of ENPH opened at $66.29 on Monday. The business’s 50 day moving average is $90.93 and its 200 day moving average is $106.04. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63. The company has a market capitalization of $8.96 billion, a PE ratio of 150.66, a price-to-earnings-growth ratio of 19.49 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The company had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. Research analysts expect that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal 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.