Enphase Energy, Inc. (NASDAQ:ENPH) Stake Raised by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 99.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,988 shares of the semiconductor company's stock after acquiring an additional 9,955 shares during the period. Signal Advisors Wealth LLC's holdings in Enphase Energy were worth $1,373,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after purchasing an additional 1,258,778 shares in the last quarter. Electron Capital Partners LLC increased its position in Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company's stock worth $118,028,000 after purchasing an additional 1,078,154 shares during the period. Anomaly Capital Management LP purchased a new position in shares of Enphase Energy during the 2nd quarter worth approximately $51,582,000. Mizuho Securities USA LLC lifted its holdings in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock valued at $50,737,000 after buying an additional 438,424 shares during the period. Finally, Aspex Management HK Ltd acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $48,442,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Down 2.1 %

Shares of ENPH traded down $1.42 during midday trading on Tuesday, hitting $65.45. The company had a trading volume of 3,296,864 shares, compared to its average volume of 3,069,420. 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. The company's 50 day moving average price is $70.12 and its 200 day moving average price is $93.84. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 148.75, a PEG ratio of 21.92 and a beta of 1.68.

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 (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company's quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. On average, equities research analysts predict that Enphase Energy, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

ENPH has been the subject of a number of recent analyst reports. Oppenheimer reduced their target price on Enphase Energy from $134.00 to $101.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Enphase Energy from $145.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, December 17th. Wells Fargo & Company dropped their target price on shares of Enphase Energy from $101.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on Enphase Energy from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Hold" and an average price target of $97.09.

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.