Dudley & Shanley Inc. Has $769,000 Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 73.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,800 shares of the semiconductor company's stock after selling 19,230 shares during the quarter. Dudley & Shanley Inc.'s holdings in Enphase Energy were worth $769,000 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. Avior Wealth Management LLC boosted its position in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. lifted its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy during the 3rd quarter worth about $34,000. Stone House Investment Management LLC purchased a new position in Enphase Energy during the 3rd quarter valued at about $34,000. Finally, Quarry LP purchased a new position in Enphase Energy during the 3rd quarter valued at about $37,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

NASDAQ ENPH traded up $1.55 during midday trading on Monday, hitting $73.00. The company had a trading volume of 2,551,863 shares, compared to its average volume of 4,024,418. The firm has a fifty day simple moving average of $74.88 and a two-hundred day simple moving average of $98.81. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 165.91, a P/E/G ratio of 22.03 and a beta of 1.69. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued 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 firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The company's revenue was down 30.9% on a year-over-year basis. Equities analysts forecast that Enphase Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the subject of a number of research analyst reports. Hsbc Global Res lowered shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets cut their target price on shares of Enphase Energy from $114.00 to $104.00 and set a "market perform" rating for the company in a research report on Monday, October 14th. Evercore ISI lowered their price target on shares of Enphase Energy from $133.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Roth Mkm dropped their price target on shares of Enphase Energy from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Finally, Bank of America reduced their price objective on Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company 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 assigned a buy rating to the stock. According to data from MarketBeat, Enphase Energy currently has an average rating of "Hold" and an average price target of $100.33.

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.