RPG Investment Advisory LLC Has $5.32 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

RPG Investment Advisory LLC lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,087 shares of the semiconductor company’s stock after selling 723 shares during the quarter. RPG Investment Advisory LLC’s holdings in Enphase Energy were worth $5,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased 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 acquired a new stake in Enphase Energy during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its position in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares during the period. Quest Partners LLC increased its position in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares during the period. Finally, Mather Group LLC. increased its position in Enphase Energy by 1,727.6% during the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 501 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ENPH shares. BMO Capital Markets cut their price target on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group cut their price target on Enphase Energy from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Barclays cut their price target on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.39.

Enphase Energy Stock Performance

Shares of ENPH opened at $60.09 on Wednesday. The company has a market cap of $8.12 billion, a PE ratio of 136.57, a price-to-earnings-growth ratio of 7.15 and a beta of 1.77. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $98.28 and a 200-day moving average price of $108.79. Enphase Energy, Inc. has a 12-month low of $59.37 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for 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%. The business’s revenue was down 30.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. As a group, equities analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Enphase Energy Company 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.