Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $454,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 51.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,100 shares of the semiconductor company's stock after selling 7,471 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Enphase Energy were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC grew its position in 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 acquiring an additional 279 shares in the last quarter. UMB Bank n.a. grew its position in Enphase Energy by 784.8% in the third 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 bought a new stake in Enphase Energy in the third quarter worth approximately $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy in the third quarter worth approximately $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the third quarter worth approximately $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Raymond James decreased their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group raised shares of Enphase Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Enphase Energy from $83.00 to $77.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy has an average rating of "Hold" and a consensus target price of $90.42.

Enphase Energy Price Performance

NASDAQ:ENPH traded up $1.47 during mid-day trading on Thursday, reaching $62.59. 2,918,726 shares of the company were exchanged, compared to its average volume of 3,901,918. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a fifty day moving average of $67.76 and a 200 day moving average of $87.06. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The stock has a market cap of $8.46 billion, a PE ratio of 84.58, a PEG ratio of 8.78 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (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%. On average, research analysts anticipate that Enphase Energy, Inc. will post 2.12 EPS for the current fiscal year.

About Enphase Energy

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.