Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,032 shares of the semiconductor company’s stock after buying an additional 228 shares during the period. Victory Capital Management Inc.’s holdings in Enphase Energy were worth $5,994,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ENPH. UMB Bank n.a. increased its holdings in shares of Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in Enphase Energy during the 3rd quarter worth approximately $34,000. Quest Partners LLC grew its position in Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares in the last quarter. Blue Trust Inc. grew its position in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 228 shares in the last quarter. Finally, Mather Group LLC. grew its position in Enphase Energy by 1,727.6% during the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ENPH shares. Truist Financial lowered their price objective on shares of Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler lowered their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley lowered their price objective on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Barclays lowered their price objective on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, BNP Paribas cut shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $101.13.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $66.29 on Friday. The firm has a fifty day moving average price of $91.80 and a two-hundred day moving average price of $106.49. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The company has a market cap of $8.96 billion, a PE ratio of 150.66, a price-to-earnings-growth ratio of 18.81 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. Analysts expect that Enphase Energy, Inc. will post 0.91 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.