MassMutual Private Wealth & Trust FSB Trims Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

MassMutual Private Wealth & Trust FSB reduced its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,959 shares of the semiconductor company's stock after selling 19,322 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Enphase Energy were worth $1,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company's stock valued at $716,897,000 after purchasing an additional 58,040 shares in the last quarter. Swedbank AB increased its holdings in Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares during the period. Geode Capital Management LLC raised its stake in Enphase Energy by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock worth $381,030,000 after buying an additional 20,579 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Enphase Energy by 6.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock worth $265,609,000 after buying an additional 142,491 shares during the period. Finally, Nordea Investment Management AB boosted its position in Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

Shares of ENPH traded down $0.73 during mid-day trading on Tuesday, hitting $62.96. 3,438,822 shares of the company were exchanged, compared to its average volume of 3,156,728. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 142.68, a price-to-earnings-growth ratio of 8.01 and a beta of 1.68. The company has a 50 day moving average of $69.22 and a 200-day moving average of $92.65.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $392.51 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business's revenue was down 30.9% compared to the same quarter last year. Analysts expect that Enphase Energy, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on ENPH shares. BNP Paribas lowered Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 price target for the company. in a research report on Friday, November 8th. TD Cowen reduced their target price on shares of Enphase Energy from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Barclays lowered their price target on shares of Enphase Energy from $114.00 to $91.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Raymond James reduced 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, JPMorgan Chase & Co. lowered their target price on shares of Enphase Energy from $130.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Enphase Energy currently has an average rating of "Hold" and an average target price of $95.59.

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.