Entropy Technologies LP Purchases Shares of 13,063 Enphase Energy, Inc. (NASDAQ:ENPH)

Entropy Technologies LP bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,063 shares of the semiconductor company's stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Truist Financial restated a "hold" rating and set a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. 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. Canaccord Genuity Group lowered shares of Enphase Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Guggenheim upgraded shares of Enphase Energy from a "sell" rating to a "neutral" rating and set a $62.00 target price on the stock in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $90.42.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded up $1.35 during trading on Friday, hitting $63.94. 2,400,613 shares of the company traded hands, compared to its average volume of 3,852,039. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. The business's fifty day moving average is $67.61 and its 200-day moving average is $86.71. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities analysts predict that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal 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.