Creative Financial Designs Inc. ADV Acquires 125 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Creative Financial Designs Inc. ADV increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 771 shares of the semiconductor company’s stock after acquiring an additional 125 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Enphase Energy were worth $87,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in Enphase Energy by 1,068.4% during the first 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 last quarter. Chilton Capital Management LLC increased its holdings in shares of Enphase Energy by 2,733.3% during 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 holdings in shares of 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 period. nVerses Capital LLC acquired a new position in shares of Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quest Partners LLC lifted its holdings in shares of Enphase Energy by 11,525.0% during 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 in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENPH. Raymond James dropped their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Bank of America lifted their price objective on shares of Enphase Energy from $82.00 to $84.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Citigroup cut their target price on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Roth Mkm dropped their price objective on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Piper Sandler dropped their price target on shares of Enphase Energy from $105.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.26.

Enphase Energy Trading Up 4.7 %

NASDAQ ENPH opened at $87.46 on Tuesday. The stock’s 50 day moving average is $104.89 and its 200 day moving average is $110.56. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $141.63. The firm has a market capitalization of $11.82 billion, a PE ratio of 198.77, a P/E/G ratio of 9.32 and a beta of 1.77. 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 (NASDAQ:ENPH) last announced its quarterly 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). 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 for the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the business earned $0.84 EPS. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. Research analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal 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.