Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Marathon Capital Management

Marathon Capital Management reduced its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,348 shares of the semiconductor company's stock after selling 13,145 shares during the quarter. Enphase Energy comprises 1.5% of Marathon Capital Management's investment portfolio, making the stock its 15th biggest holding. Marathon Capital Management's holdings in Enphase Energy were worth $5,818,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SCP Investment LP purchased a new position in Enphase Energy during the fourth quarter worth $355,000. Steward Partners Investment Advisory LLC increased its position in Enphase Energy by 28.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,342 shares of the semiconductor company's stock worth $1,631,000 after buying an additional 2,721 shares in the last quarter. Stifel Financial Corp increased its position in Enphase Energy by 25.0% during the fourth quarter. Stifel Financial Corp now owns 101,140 shares of the semiconductor company's stock worth $13,365,000 after buying an additional 20,247 shares in the last quarter. TFO Wealth Partners LLC increased its position in Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company's stock worth $45,000 after buying an additional 336 shares in the last quarter. Finally, Rathbones Group PLC increased its position in Enphase Energy by 28.4% during the fourth quarter. Rathbones Group PLC now owns 29,671 shares of the semiconductor company's stock worth $3,921,000 after buying an additional 6,557 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group lowered their price objective on Enphase Energy from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Susquehanna lifted their price objective on Enphase Energy from $140.00 to $147.00 and gave the company a "positive" rating in a research report on Monday, July 15th. William Blair assumed coverage on Enphase Energy in a research report on Thursday, August 29th. They issued a "market perform" rating for the company. Piper Sandler lifted their price objective on Enphase Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Finally, Bank of America lowered their price objective on Enphase Energy from $71.00 to $70.00 and set an "underperform" rating for the company in a research report on Wednesday, July 17th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $128.89.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded up $2.03 during midday trading on Friday, hitting $115.64. 695,437 shares of the company's stock were exchanged, compared to its average volume of 3,781,839. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. The stock's 50 day moving average price is $113.24 and its 200-day moving average price is $114.29. The firm has a market cap of $15.73 billion, a P/E ratio of 60.09, a PEG ratio of 6.19 and a beta of 1.72. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $303.80 million for the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The business's quarterly revenue was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Enphase Energy, Inc. will post 1.19 EPS for the current 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.