Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 19.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,640 shares of the semiconductor company’s stock after selling 1,819 shares during the period. Cerity Partners LLC’s holdings in Enphase Energy were worth $474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of Enphase Energy by 93.7% during the first quarter. Nisa Investment Advisors LLC now owns 13,330 shares of the semiconductor company’s stock worth $827,000 after buying an additional 6,449 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Enphase Energy by 0.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $5,421,000 after buying an additional 238 shares in the last quarter. M&T Bank Corp grew its holdings in Enphase Energy by 72.1% in the first quarter. M&T Bank Corp now owns 30,709 shares of the semiconductor company’s stock valued at $1,906,000 after purchasing an additional 12,865 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in Enphase Energy in the first quarter valued at approximately $249,000. Finally, IFM Investors Pty Ltd grew its holdings in Enphase Energy by 5.4% in the first quarter. IFM Investors Pty Ltd now owns 29,021 shares of the semiconductor company’s stock valued at $1,801,000 after purchasing an additional 1,486 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

ENPH opened at $35.41 on Friday. The stock’s 50 day moving average price is $40.95 and its 200-day moving average price is $52.20. Enphase Energy, Inc. has a 52-week low of $33.01 and a 52-week high of $130.08. The stock has a market capitalization of $4.63 billion, a PE ratio of 27.66 and a beta of 1.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 1.97.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%. The company had revenue of $363.15 million for the quarter, compared to analysts’ expectations of $359.14 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas cut shares of Enphase Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, May 13th. Susquehanna reduced their price target on shares of Enphase Energy from $51.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday. Royal Bank Of Canada set a $28.00 price target on shares of Enphase Energy and gave the company a “sector perform” rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group reduced their price target on shares of Enphase Energy from $44.00 to $37.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 23rd. Thirteen equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.86.

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.