Qsemble Capital Management LP Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Qsemble Capital Management LP acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,370 shares of the semiconductor company’s stock, valued at approximately $1,285,000.

A number of other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. grew its stake 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 worth $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the third quarter worth $34,000. Blue Trust Inc. increased 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 valued at $49,000 after buying an additional 228 shares during the last quarter. Finally, Quest Partners LLC raised its stake in 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 buying an additional 461 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

Shares of ENPH opened at $71.91 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 163.43, a P/E/G ratio of 20.32 and a beta of 1.77. The business’s 50-day moving average is $90.14 and its 200-day moving average is $105.77. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The firm’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Equities research analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $76.00 price objective on shares of Enphase Energy in a research report on Tuesday, November 19th. Bank of America lowered their price target on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a report on Thursday, November 7th. Piper Sandler cut their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a research note on Wednesday, October 23rd. Finally, Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective on the stock. in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.