Qsemble Capital Management LP Buys Shares of 11,370 Enphase Energy, Inc. (NASDAQ:ENPH)

Qsemble Capital Management LP purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,370 shares of the semiconductor company’s stock, valued at approximately $1,285,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. increased its position in Enphase Energy by 0.9% during the third quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after buying an additional 58,040 shares during the last quarter. Swedbank AB acquired a new position in shares of Enphase Energy during the 1st quarter valued at about $424,130,000. Electron Capital Partners LLC raised its stake in shares of Enphase Energy by 1,021.4% in the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock valued at $118,028,000 after acquiring an additional 1,078,154 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its holdings in Enphase Energy by 93.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock valued at $99,295,000 after purchasing an additional 424,327 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of ENPH stock opened at $71.91 on Tuesday. The stock’s fifty day moving average is $90.14 and its 200-day moving average is $105.77. 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 52 week low of $58.33 and a 52 week high of $141.63. The stock has a market capitalization of $9.72 billion, a PE ratio of 163.43, a PEG ratio of 20.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last posted 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). 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 analyst estimates of $392.51 million. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s revenue was down 30.9% compared to the same quarter last year. Equities research analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several recent analyst reports. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a report on Wednesday, October 23rd. Piper Sandler dropped their price objective on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday. Susquehanna lowered their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Canaccord Genuity Group reiterated a “hold” rating and set a $76.00 price target on shares of Enphase Energy in a report on Tuesday, November 19th. Finally, Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.