Fiduciary Trust Co Has $298,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Fiduciary Trust Co trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,636 shares of the semiconductor company’s stock after selling 1,080 shares during the period. Fiduciary Trust Co’s holdings in Enphase Energy were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of Enphase Energy by 279.6% in the first quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock valued at $2,934,000 after purchasing an additional 17,861 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Enphase Energy by 48.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock valued at $10,658,000 after buying an additional 29,013 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Enphase Energy by 5.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 34,138 shares of the semiconductor company’s stock valued at $3,404,000 after acquiring an additional 1,676 shares during the period. Tandem Capital Management Corp ADV lifted its position in Enphase Energy by 3.2% during the second quarter. Tandem Capital Management Corp ADV now owns 8,556 shares of the semiconductor company’s stock worth $831,000 after acquiring an additional 268 shares during the last quarter. Finally, Leibman Financial Services Inc. boosted its holdings in shares of Enphase Energy by 1.5% during the second quarter. Leibman Financial Services Inc. now owns 18,080 shares of the semiconductor company’s stock worth $1,803,000 after acquiring an additional 272 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ENPH. TD Cowen dropped their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded Enphase Energy from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Raymond James decreased their price target on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Craig Hallum dropped their price objective on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus price target of $101.13.

Enphase Energy Stock Down 1.4 %

Shares of NASDAQ ENPH opened at $71.35 on Friday. The company has a 50 day simple moving average of $86.46 and a 200 day simple moving average of $104.76. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The firm has a market cap of $9.64 billion, a PE ratio of 162.16, a price-to-earnings-growth ratio of 21.39 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (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 the consensus estimate of $392.51 million. During the same period in the previous year, the business posted $0.84 EPS. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. On average, research analysts forecast that Enphase Energy, Inc. will post 0.95 EPS for the current 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.