Avior Wealth Management LLC Purchases 762 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Avior Wealth Management LLC boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 269.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,045 shares of the semiconductor company’s stock after purchasing an additional 762 shares during the quarter. Avior Wealth Management LLC’s holdings in Enphase Energy were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Enphase Energy by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company’s stock worth $716,897,000 after purchasing an additional 58,040 shares during the last quarter. Swedbank AB raised its holdings in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after purchasing an additional 11,890 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock valued at $381,030,000 after acquiring an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Enphase Energy by 6.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock valued at $265,609,000 after acquiring an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENPH has been the subject of a number of recent analyst reports. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Oppenheimer lowered their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Northland Securities lowered their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Finally, Susquehanna lowered their price target on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.43.

Enphase Energy Trading Down 2.2 %

NASDAQ ENPH opened at $60.87 on Thursday. The company has a market cap of $8.22 billion, a PE ratio of 138.34, a PEG ratio of 7.79 and a beta of 1.68. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The stock has a 50 day moving average of $69.38 and a 200-day moving average of $90.58.

About Enphase Energy

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.