Virtu Financial LLC Has $488,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Virtu Financial LLC lessened its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 73.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,318 shares of the semiconductor company’s stock after selling 11,992 shares during the period. Virtu Financial LLC’s holdings in Enphase Energy were worth $488,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Enphase Energy in the third quarter worth about $1,273,000. 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. Erste Asset Management GmbH bought a new stake in Enphase Energy during the third quarter worth approximately $37,475,000. Mizuho Securities USA LLC grew its holdings in Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after purchasing an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc raised its position in shares of Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after purchasing an additional 31,008 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 1.2 %

ENPH opened at $73.84 on Monday. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 167.82, a PEG ratio of 22.03 and a beta of 1.69. The firm’s 50-day simple moving average is $78.75 and its 200-day simple moving average is $101.33. 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 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 return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s quarterly revenue was down 30.9% on a year-over-year basis. Equities research analysts anticipate that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ENPH shares. Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. TD Cowen cut their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Northland Securities lowered their target price on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Finally, Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.13.

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.