Commons Capital LLC Cuts Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Commons Capital LLC trimmed its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,672 shares of the semiconductor company’s stock after selling 1,305 shares during the period. Enphase Energy accounts for 0.7% of Commons Capital LLC’s portfolio, making the stock its 29th largest holding. Commons Capital LLC’s holdings in Enphase Energy were worth $802,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Enphase Energy in the 3rd quarter worth $1,273,000. Charles Schwab Investment Management Inc. grew its stake in shares of Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock worth $99,496,000 after buying an additional 16,234 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Enphase Energy in the 3rd quarter worth $37,475,000. Mizuho Securities USA LLC grew its stake in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after buying an additional 438,424 shares in the last quarter. Finally, Impax Asset Management Group plc grew its stake in shares of Enphase Energy by 15.9% in the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after buying an additional 31,008 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Down 1.3 %

NASDAQ:ENPH opened at $62.84 on Wednesday. The company has a market cap of $8.49 billion, a PE ratio of 142.82, a P/E/G ratio of 8.01 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. 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’s 50 day moving average is $69.28 and its two-hundred day moving average is $92.41.

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

Analyst Ratings Changes

ENPH has been the subject of a number of recent research reports. Canaccord Genuity Group reissued a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a research note on Tuesday, November 19th. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective 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. Finally, Oppenheimer decreased their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.59.

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.