Toronto Dominion Bank Sells 3,673,035 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Toronto Dominion Bank cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 98.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,115 shares of the semiconductor company's stock after selling 3,673,035 shares during the period. Toronto Dominion Bank's holdings in Enphase Energy were worth $5,664,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. boosted 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 purchasing an additional 259 shares during the last quarter. nVerses Capital LLC bought a new position in Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter valued at $34,000. Finally, Quarry LP bought a new stake in shares of Enphase Energy during the 3rd quarter worth $37,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ENPH has been the subject of several research reports. Oppenheimer reduced their price target on shares of Enphase Energy from $134.00 to $101.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Craig Hallum decreased their price target on shares of Enphase Energy from $153.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Northland Securities dropped their price objective on Enphase Energy from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 19th. Guggenheim lowered Enphase Energy from a "neutral" rating to a "sell" rating and set a $73.00 price objective for the company. in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their target price 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, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and a consensus price target of $101.13.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH traded up $0.84 during trading on Friday, reaching $73.84. The company had a trading volume of 1,925,151 shares, compared to its average volume of 4,025,568. The company has a fifty day moving average of $78.75 and a two-hundred day moving average of $101.33. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $9.98 billion, a P/E ratio of 167.82, a price-to-earnings-growth ratio of 22.03 and a beta of 1.69. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates 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 company earned $0.84 EPS. The firm's revenue was down 30.9% compared to the same quarter last year. Equities research analysts forecast that Enphase Energy, Inc. will post 0.94 earnings per share 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.