Fiduciary Trust Co Has $298,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Fiduciary Trust Co cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 29.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,636 shares of the semiconductor company’s stock after selling 1,080 shares during the quarter. Fiduciary Trust Co’s holdings in Enphase Energy were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of 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 during the period. UMB Bank n.a. grew its stake in 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 during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quest Partners LLC boosted its holdings in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $71.35 on Friday. The company has a market capitalization of $9.64 billion, a P/E ratio of 162.16, a price-to-earnings-growth ratio of 21.39 and a beta of 1.77. The company’s 50-day moving average is $86.46 and its 200 day moving average is $104.76. 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, 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 earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 during the quarter, compared to analysts’ expectations of $392.51 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue was down 30.9% compared to the same quarter last year. On average, equities research analysts forecast that Enphase Energy, Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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 research report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Oppenheimer decreased their target price on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group reiterated a “hold” rating and issued a $76.00 price target on shares of Enphase Energy in a report on Tuesday, November 19th. Finally, Barclays decreased their price objective on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four equities 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.13.

Enphase Energy Company 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.