Avior Wealth Management LLC Purchases 279 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Avior Wealth Management LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 6,975.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 283 shares of the semiconductor company’s stock after acquiring an additional 279 shares during the quarter. Avior Wealth Management LLC’s holdings in Enphase Energy were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ENPH. Baillie Gifford & Co. grew its stake in shares of Enphase Energy by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock valued at $716,897,000 after purchasing an additional 58,040 shares during the period. Swedbank AB purchased a new position in shares of Enphase Energy in the first quarter worth approximately $424,130,000. Electron Capital Partners LLC grew its position in Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock valued at $118,028,000 after buying an additional 1,078,154 shares during the period. Thrivent Financial for Lutherans increased its holdings in Enphase Energy by 17.6% during the second quarter. Thrivent Financial for Lutherans now owns 826,742 shares of the semiconductor company’s stock valued at $82,434,000 after buying an additional 123,856 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Enphase Energy by 71.0% in the third quarter. Handelsbanken Fonder AB now owns 714,364 shares of the semiconductor company’s stock worth $80,737,000 after acquiring an additional 296,498 shares during the period. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ENPH shares. HSBC downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $154.00 to $81.00 in a research report on Friday, November 8th. Susquehanna cut their price target on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Northland Securities decreased their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Barclays cut their price objective on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley decreased their target price on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Four equities 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $101.13.

Enphase Energy Trading Up 8.5 %

Shares of ENPH stock opened at $71.91 on Tuesday. The company has a market cap of $9.72 billion, a PE ratio of 163.43, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77. The stock’s 50 day simple moving average is $90.14 and its two-hundred day simple moving average is $105.77. 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 announced 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 the consensus estimate of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. Research analysts predict that Enphase Energy, Inc. will post 0.91 earnings per share 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.