MassMutual Private Wealth & Trust FSB Cuts Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

MassMutual Private Wealth & Trust FSB lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,959 shares of the semiconductor company’s stock after selling 19,322 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Enphase Energy were worth $1,439,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in Enphase Energy by 54.9% in the second quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock worth $4,438,000 after acquiring an additional 15,776 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Enphase Energy by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 491,113 shares of the semiconductor company’s stock valued at $48,990,000 after purchasing an additional 6,804 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Enphase Energy by 23.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,226 shares of the semiconductor company’s stock valued at $421,000 after purchasing an additional 795 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Enphase Energy by 24.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,587 shares of the semiconductor company’s stock worth $943,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Enphase Energy by 4.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,484 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ENPH shares. Royal Bank of Canada decreased their price target on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. reduced their target price on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer dropped their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup lifted their target price on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $95.59.

Enphase Energy Stock Up 0.3 %

Shares of ENPH opened at $63.69 on Tuesday. The stock has a 50 day moving average price of $69.22 and a 200 day moving average price of $92.65. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 144.75, a PEG ratio of 7.87 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last released its 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 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 quarterly revenue was down 30.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. Equities research analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share 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.