Inspire Investing LLC Grows Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Inspire Investing LLC lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,988 shares of the semiconductor company’s stock after acquiring an additional 318 shares during the quarter. Inspire Investing LLC’s holdings in Enphase Energy were worth $1,098,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ENPH. Avior Wealth Management LLC lifted its holdings in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. raised its position in shares of Enphase Energy by 784.8% during the 3rd 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 last quarter. nVerses Capital LLC purchased a new position in Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the 3rd quarter worth about $34,000. Finally, Quarry LP purchased a new stake in Enphase Energy during the 3rd quarter worth approximately $37,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Up 5.4 %

ENPH opened at $64.29 on Friday. 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 stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 146.11, a PEG ratio of 8.02 and a beta of 1.68. The business has a fifty day moving average price of $69.30 and a 200 day moving average price of $91.99. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced 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). The company had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Sell-side analysts expect that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research analyst reports. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 23rd. Northland Securities lowered their target price on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. BNP Paribas cut shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a research report on Friday, November 8th. 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 research note on Wednesday, October 23rd. Finally, Raymond James dropped their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.09.

About Enphase Energy

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.