Enphase Energy, Inc. (NASDAQ:ENPH) Holdings Increased by Intellectus Partners LLC

Intellectus Partners LLC increased its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,927 shares of the semiconductor company’s stock after acquiring an additional 2,117 shares during the period. Intellectus Partners LLC’s holdings in Enphase Energy were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ENPH. Swedbank AB acquired a new stake in Enphase Energy in the 1st quarter valued at about $424,130,000. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 57.9% during the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after acquiring an additional 2,304,408 shares during the last quarter. Electron Capital Partners LLC raised its position in shares of Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after purchasing an additional 1,078,154 shares during the period. Anomaly Capital Management LP purchased a new stake in shares of Enphase Energy during the second quarter valued at $51,582,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Enphase Energy in the 1st quarter valued at $59,128,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ENPH shares. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on shares of Enphase Energy from $100.00 to $85.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group cut their target price on shares of Enphase Energy from $95.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday. Canaccord Genuity Group cut Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler dropped their price target on Enphase Energy from $105.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Four investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.39.

Enphase Energy Stock Up 5.2 %

Shares of ENPH stock opened at $63.56 on Friday. Enphase Energy, Inc. has a 12 month low of $59.12 and a 12 month high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The firm has a market cap of $8.59 billion, a PE ratio of 144.45, a price-to-earnings-growth ratio of 6.80 and a beta of 1.77. The stock has a 50 day moving average of $96.25 and a 200-day moving average of $108.14.

Enphase Energy (NASDAQ:ENPH) last released 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). The company had revenue of $380.90 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share. On average, equities analysts predict that Enphase Energy, Inc. will post 0.92 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.