Stiles Financial Services Inc Has $737,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Stiles Financial Services Inc trimmed its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,735 shares of the semiconductor company’s stock after selling 615 shares during the period. Stiles Financial Services Inc’s holdings in Enphase Energy were worth $737,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC raised its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. raised its position 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 worth $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the third quarter valued at $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP acquired a new stake in Enphase Energy in the third quarter worth about $37,000. 72.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENPH shares. Susquehanna reduced their target price on shares of Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a report on Friday, November 8th. Canaccord Genuity Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI reduced their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Raymond James dropped their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $63.53 on Monday. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a market cap of $8.58 billion, a P/E ratio of 85.85, a P/E/G ratio of 8.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.88 and a current ratio of 3.53. The stock’s 50-day simple moving average is $68.61 and its 200 day simple moving average is $88.20.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 2.12 EPS for the current fiscal year.

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.