Enphase Energy, Inc. (NASDAQ:ENPH) Position Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,382 shares of the semiconductor company’s stock after selling 209 shares during the period. Crossmark Global Holdings Inc.’s holdings in Enphase Energy were worth $608,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in shares of 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 Enphase Energy during the 3rd quarter worth about $34,000. Blue Trust Inc. boosted its holdings in shares of Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares during the period. Quest Partners LLC boosted its holdings 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 period. Finally, Mather Group LLC. raised its holdings in shares of Enphase Energy by 1,727.6% during the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Oppenheimer decreased their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI lowered their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Raymond James reduced their price objective 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. Morgan Stanley lowered their target price on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reduced their price target on shares of Enphase Energy from $100.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.76.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $59.52 on Friday. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 135.27, a PEG ratio of 6.80 and a beta of 1.77. The business has a 50 day moving average price of $95.27 and a 200 day moving average price of $107.76. 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, Inc. has a twelve month low of $59.12 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data 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 business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was down 30.9% compared to the same quarter last year. Research analysts predict that Enphase Energy, Inc. will post 0.92 earnings per share 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.