Qsemble Capital Management LP Acquires New Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Qsemble Capital Management LP acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,370 shares of the semiconductor company's stock, valued at approximately $1,285,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. boosted its position in Enphase Energy by 784.8% during 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 during the last quarter. nVerses Capital LLC purchased a new stake in Enphase Energy in the 3rd quarter worth approximately $34,000. Quest Partners LLC raised its holdings in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 461 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENPH. William Blair started coverage on Enphase Energy in a research report on Thursday, August 29th. They set a "market perform" rating on the stock. Morgan Stanley lowered their target price on shares of Enphase Energy from $93.00 to $74.00 and set an "equal weight" rating for the company in a report on Friday, November 15th. Truist Financial decreased their price target on shares of Enphase Energy from $130.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Oppenheimer dropped their price objective on Enphase Energy from $134.00 to $101.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, Raymond James reduced their target price on Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $101.13.

Enphase Energy Stock Down 2.0 %

Shares of ENPH traded down $1.41 during midday trading on Tuesday, hitting $70.50. The company had a trading volume of 4,424,736 shares, compared to its average volume of 4,087,525. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 160.80, a PEG ratio of 20.32 and a beta of 1.77. The company's 50 day moving average price is $90.14 and its 200 day moving average price is $105.77. 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 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share 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 during the quarter, compared to the consensus estimate of $392.51 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm's quarterly revenue was down 30.9% compared to the same quarter last year. On average, equities research analysts predict that Enphase Energy, Inc. will post 0.91 EPS for the current year.

Enphase Energy Company 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.