Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC lessened its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 31.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,117 shares of the semiconductor company’s stock after selling 979 shares during the quarter. Clarity Capital Partners LLC’s holdings in Enphase Energy were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC raised its holdings in shares of Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC grew its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 246 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 valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the third quarter worth about $34,000. Finally, Quest Partners LLC lifted its position in shares of Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ENPH shares. TD Cowen lowered their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas upgraded Enphase Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $144.00 in a research note on Wednesday, August 7th. Bank of America upped their price objective on Enphase Energy from $82.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Northland Securities lowered their price objective on shares of Enphase Energy from $150.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.26.

Enphase Energy Stock Performance

Enphase Energy stock opened at $87.46 on Tuesday. The stock has a market cap of $11.82 billion, a P/E ratio of 198.77, a price-to-earnings-growth ratio of 9.38 and a beta of 1.77. The firm’s fifty day moving average price is $104.89 and its 200-day moving average price is $110.56. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. 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 (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $392.51 million. During the same period in the previous year, the firm earned $0.84 EPS. The company’s revenue was down 30.9% on a year-over-year basis. On average, equities research analysts expect that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal 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.