Gould Capital LLC Grows Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Gould Capital LLC grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,206 shares of the semiconductor company’s stock after acquiring an additional 212 shares during the quarter. Gould Capital LLC’s holdings in Enphase Energy were worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ENPH. Baillie Gifford & Co. grew its stake in Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock worth $626,683,000 after buying an additional 2,304,408 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in shares of Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after acquiring an additional 1,078,154 shares during the last quarter. Anomaly Capital Management LP purchased a new position in Enphase Energy in the second quarter worth $51,582,000. Mizuho Securities USA LLC increased its stake in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in Enphase Energy during the third quarter valued at about $48,442,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of ENPH stock opened at $76.39 on Tuesday. The business’s fifty day moving average is $81.48 and its 200 day moving average is $102.81. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 173.61, a PEG ratio of 21.24 and a beta of 1.69. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was down 30.9% compared to the same quarter last year. Research analysts expect that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ENPH shares. Royal Bank of Canada reduced their price objective on 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. Hsbc Global Res cut shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Susquehanna lowered their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Raymond James cut their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group cut shares of Enphase Energy from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.13.

View Our Latest Stock Analysis on ENPH

Enphase Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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