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

Coldstream Capital Management Inc. acquired a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,922 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC boosted its holdings in Enphase Energy by 6,975.0% in the 3rd 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 during the period. UMB Bank n.a. lifted its stake in shares of Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC bought a new position in Enphase Energy during the third quarter valued at about $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the 3rd quarter valued at approximately $34,000. Finally, Quarry LP bought a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $37,000. Institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of a number of research reports. TD Cowen lowered their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Janney Montgomery Scott cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 23rd. HSBC lowered shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $154.00 to $81.00 in a research report on Friday, November 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $76.00 price target on shares of Enphase Energy in a research report on Tuesday, November 19th. Finally, Citigroup decreased their price objective on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $100.33.

Enphase Energy Trading Up 2.5 %

Shares of NASDAQ ENPH opened at $73.40 on Wednesday. The company’s 50 day simple moving average is $78.05 and its 200 day simple moving average is $100.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The firm has a market capitalization of $9.92 billion, a P/E ratio of 166.82, a P/E/G ratio of 22.03 and a beta of 1.69.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) 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 the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, analysts predict that Enphase Energy, Inc. will post 0.94 EPS 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.