Sanctuary Advisors LLC Has $1.83 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Sanctuary Advisors LLC lowered its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 14.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,149 shares of the semiconductor company’s stock after selling 2,689 shares during the period. Sanctuary Advisors LLC’s holdings in Enphase Energy were worth $1,825,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of 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 buying an additional 279 shares during the period. UMB Bank n.a. lifted its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new position in Enphase Energy in the third quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the third quarter worth about $34,000. Finally, Quarry LP bought a new stake in Enphase Energy during the 3rd quarter worth about $37,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $65.80 on Friday. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company’s fifty day simple moving average is $76.04 and its 200-day simple moving average is $100.07. The firm has a market cap of $8.89 billion, a PE ratio of 149.55, a P/E/G ratio of 22.03 and a beta of 1.69. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly 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 return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. Equities research analysts expect that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research note on Friday, November 8th. TD Cowen reduced their price objective on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Truist Financial reduced their price target on Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, BMO Capital Markets dropped their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a report on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $100.33.

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.