Crossmark Global Holdings Inc. Has $608,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Crossmark Global Holdings Inc. trimmed its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 5,382 shares of the semiconductor company’s stock after selling 209 shares during the period. Crossmark Global Holdings Inc.’s holdings in Enphase Energy were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Alan B Lancz & Associates Inc. acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $215,000. Sigma Planning Corp bought a new stake in Enphase Energy in the third quarter valued at about $210,000. Impax Asset Management Group plc raised its position in Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after purchasing an additional 31,008 shares in the last quarter. Quintet Private Bank Europe S.A. grew its stake in shares of Enphase Energy by 34.9% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 173,420 shares of the semiconductor company’s stock valued at $19,600,000 after purchasing an additional 44,864 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Enphase Energy by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock worth $6,206,000 after buying an additional 190 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

Shares of ENPH opened at $59.52 on Friday. 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 market cap of $8.04 billion, a P/E ratio of 135.27, a price-to-earnings-growth ratio of 6.80 and a beta of 1.77. The stock’s 50-day moving average price is $95.27 and its two-hundred day moving average price is $107.76. Enphase Energy, Inc. has a 1 year low of $59.12 and a 1 year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was down 30.9% compared to the same quarter last year. On average, equities analysts predict that Enphase Energy, Inc. will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENPH. Roth Mkm decreased their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Piper Sandler reduced their target price on shares of Enphase Energy from $105.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price for the company. in a research report on Wednesday, October 23rd. Raymond James reduced their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.76.

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.