Toronto Dominion Bank Has $5.66 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Toronto Dominion Bank cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 98.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,115 shares of the semiconductor company’s stock after selling 3,673,035 shares during the quarter. Toronto Dominion Bank’s holdings in Enphase Energy were worth $5,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENPH. Baillie Gifford & Co. lifted its position in shares of Enphase Energy by 57.9% during the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after acquiring an additional 2,304,408 shares during the period. Electron Capital Partners LLC increased its stake in Enphase Energy by 1,021.4% in the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock valued at $118,028,000 after purchasing an additional 1,078,154 shares in the last quarter. Anomaly Capital Management LP bought a new position in shares of Enphase Energy during the 2nd quarter worth about $51,582,000. Mizuho Securities USA LLC grew its stake 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 about $48,442,000. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Oppenheimer cut their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI reduced their price target on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. William Blair assumed coverage on shares of Enphase Energy in a report on Thursday, August 29th. They set a “market perform” rating on the stock. Royal Bank of Canada reduced their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. Finally, Morgan Stanley lowered their target price on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.13.

Enphase Energy Trading Up 1.2 %

Shares of ENPH opened at $73.84 on Friday. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The business has a 50-day moving average of $78.75 and a 200 day moving average of $101.50. The firm has a market cap 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. 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 earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. As a group, research analysts forecast that Enphase Energy, Inc. will post 0.94 EPS for the current year.

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.