Resources Management Corp CT ADV Has $513,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Resources Management Corp CT ADV boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 6.8% in the third quarter, Holdings Channel reports. The fund owned 4,542 shares of the semiconductor company’s stock after acquiring an additional 290 shares during the period. Resources Management Corp CT ADV’s holdings in Enphase Energy were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Enphase Energy during the 3rd quarter worth $1,273,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Enphase Energy by 1.9% during 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 period. Erste Asset Management GmbH bought a new position in shares of Enphase Energy during the 3rd quarter worth about $37,475,000. Mizuho Securities USA LLC increased its holdings in shares of Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares during the period. Finally, Impax Asset Management Group plc increased its holdings in shares of Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after purchasing an additional 31,008 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENPH shares. Northland Securities dropped their price objective on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Jefferies Financial Group cut shares of Enphase Energy from a “hold” rating to an “underperform” rating and cut their price target for the stock from $93.00 to $61.00 in a research note on Thursday, November 7th. Roth Mkm dropped their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Oppenheimer decreased their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group dropped their price objective on Enphase Energy from $170.00 to $145.00 and set a “buy” 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 fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.13.

Enphase Energy Stock Down 2.5 %

Shares of NASDAQ:ENPH opened at $74.45 on Wednesday. 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 cap of $10.06 billion, a price-to-earnings ratio of 169.20, a P/E/G ratio of 21.24 and a beta of 1.69. The company has a 50 day moving average of $80.75 and a 200-day moving average of $102.45. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS 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 business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue was down 30.9% on a year-over-year basis. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 0.94 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.