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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC lifted its position in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after buying an additional 762 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Enphase Energy by 93.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,881 shares of the semiconductor company’s stock valued at $473,000 after acquiring an additional 3,327 shares during the last quarter. Mandatum Life Insurance Co Ltd boosted its stake in Enphase Energy by 65.5% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 35,615 shares of the semiconductor company’s stock valued at $2,446,000 after acquiring an additional 14,098 shares in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Enphase Energy during the fourth quarter worth about $1,387,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Enphase Energy by 372.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 463,452 shares of the semiconductor company’s stock worth $31,830,000 after purchasing an additional 365,356 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENPH. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price for the company. in a research report on Wednesday, October 23rd. Oppenheimer lowered their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna cut their target price on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Morgan Stanley decreased their price target on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Finally, The Goldman Sachs Group reduced their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday. Four equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.09.

Enphase Energy Trading Up 5.4 %

Shares of Enphase Energy stock opened at $64.29 on Friday. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The firm has a 50-day moving average of $69.30 and a 200-day moving average of $91.99. The stock has a market cap of $8.69 billion, a PE ratio of 146.11, a PEG ratio of 8.02 and a beta of 1.68. 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 (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 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 net margin of 4.91% and a return on equity of 10.56%. Enphase Energy’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 0.91 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.