PFG Investments LLC Has $1 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

PFG Investments LLC reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,625 shares of the semiconductor company’s stock after selling 1,982 shares during the period. PFG Investments LLC’s holdings in Enphase Energy were worth $1,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Green Alpha Advisors LLC raised its stake in shares of Enphase Energy by 1.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 102 shares during the period. Centaurus Financial Inc. increased its holdings in Enphase Energy by 10.2% in the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 118 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Enphase Energy by 19.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 125 shares in the last quarter. Empirical Finance LLC grew its holdings in Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 137 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Enphase Energy by 5.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 153 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ENPH shares. Hsbc Global Res lowered Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. BNP Paribas downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, November 8th. Oppenheimer decreased 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. Truist Financial reaffirmed a “hold” rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Finally, Raymond James decreased their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.43.

Enphase Energy Trading Down 2.7 %

Shares of Enphase Energy stock opened at $62.24 on Wednesday. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The firm has a market cap of $8.41 billion, a PE ratio of 141.45, a P/E/G ratio of 7.79 and a beta of 1.68. The business’s fifty day moving average is $69.43 and its two-hundred day moving average is $90.79. 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 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.