MN Wealth Advisors LLC Increases Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

MN Wealth Advisors LLC lifted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 61.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,159 shares of the semiconductor company’s stock after buying an additional 3,878 shares during the quarter. MN Wealth Advisors LLC’s holdings in Enphase Energy were worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC increased its holdings 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 valued at $32,000 after acquiring an additional 279 shares during the last quarter. nVerses Capital LLC bought a new stake in Enphase Energy in the 3rd quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter worth approximately $34,000. Quarry LP bought a new position in shares of Enphase Energy during the 3rd quarter valued at approximately $37,000. Finally, Blue Trust Inc. grew its holdings in shares of Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of a number of research reports. Janney Montgomery Scott downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Hsbc Global Res downgraded Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Susquehanna cut their target price on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Citigroup raised their price target on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Truist Financial reiterated a “hold” rating and set a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Trading Up 2.2 %

ENPH opened at $63.94 on Friday. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The stock has a fifty day moving average price of $67.61 and a 200-day moving average price of $86.55.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 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, equities research analysts anticipate that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal year.

Enphase Energy Company 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.