Avior Wealth Management LLC Buys 279 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Avior Wealth Management LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 6,975.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 283 shares of the semiconductor company’s stock after acquiring an additional 279 shares during the quarter. Avior Wealth Management LLC’s holdings in Enphase Energy were worth $32,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in Enphase Energy by 198.3% during the first quarter. Bessemer Group Inc. now owns 1,897 shares of the semiconductor company’s stock worth $229,000 after buying an additional 1,261 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Enphase Energy by 2.0% in the first quarter. California State Teachers Retirement System now owns 228,004 shares of the semiconductor company’s stock worth $27,584,000 after purchasing an additional 4,469 shares during the last quarter. Plato Investment Management Ltd raised its stake in Enphase Energy by 155.8% in the first quarter. Plato Investment Management Ltd now owns 862 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 525 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Enphase Energy during the first quarter valued at approximately $233,000. Finally, National Wealth Management Group LLC purchased a new position in Enphase Energy in the 1st quarter worth approximately $511,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENPH. Citigroup dropped their price objective on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Truist Financial dropped their price target on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Northland Securities reduced their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. William Blair assumed coverage on Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Finally, Piper Sandler decreased their target price on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $101.13.

Enphase Energy Trading Up 8.5 %

Enphase Energy stock opened at $71.91 on Tuesday. The business’s fifty day simple moving average is $90.14 and its two-hundred day simple moving average is $105.77. 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 company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 163.43, a price-to-earnings-growth ratio of 20.32 and a beta of 1.77. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. As a group, equities analysts predict that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal 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.