Larson Financial Group LLC Has $131,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Larson Financial Group LLC decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 60.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,155 shares of the semiconductor company’s stock after selling 1,767 shares during the quarter. Larson Financial Group LLC’s holdings in Enphase Energy were worth $131,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Cerity Partners LLC increased its position in shares of Enphase Energy by 102.6% during the 3rd quarter. Cerity Partners LLC now owns 10,988 shares of the semiconductor company’s stock worth $1,242,000 after purchasing an additional 5,565 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Enphase Energy by 15.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 21,179 shares of the semiconductor company’s stock worth $2,394,000 after purchasing an additional 2,897 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in shares of Enphase Energy by 93.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 878,558 shares of the semiconductor company’s stock worth $99,295,000 after purchasing an additional 424,327 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Enphase Energy by 1.9% during 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. Finally, Banco Santander S.A. increased its position in shares of Enphase Energy by 17.2% during the 3rd quarter. Banco Santander S.A. now owns 46,503 shares of the semiconductor company’s stock worth $5,256,000 after purchasing an additional 6,833 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Enphase Energy stock opened at $72.36 on Friday. 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, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63. The stock has a market capitalization of $9.78 billion, a P/E ratio of 164.45, a price-to-earnings-growth ratio of 21.26 and a beta of 1.77. The stock has a fifty day moving average of $88.23 and a 200-day moving average of $105.27.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $392.51 million. During the same period last year, the firm posted $0.84 EPS. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. On average, sell-side analysts expect that Enphase Energy, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENPH. Citigroup reduced their target price on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Royal Bank of Canada reduced their target price on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, November 22nd. Piper Sandler reduced their target price on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Susquehanna reduced their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Finally, BMO Capital Markets reduced their target price on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $101.13.

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.