Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 97.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the semiconductor company’s stock after selling 443,000 shares during the quarter. Calamos Wealth Management LLC’s holdings in Enphase Energy were worth $824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 6,975.0% in the third 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. raised its position in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy during the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy in the 3rd quarter valued at $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the third quarter worth $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENPH has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Susquehanna lowered their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. HSBC downgraded Enphase Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from $154.00 to $81.00 in a report on Friday, November 8th. Finally, The Goldman Sachs Group cut their target price on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.22.

Enphase Energy Stock Up 3.7 %

Shares of ENPH opened at $66.25 on Wednesday. The stock has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $89.11. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.95 billion, a PE ratio of 150.57, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. As a group, equities analysts forecast that Enphase Energy, Inc. will post 0.92 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.