Lmcg Investments LLC Boosts Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Lmcg Investments LLC boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 25.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,117 shares of the semiconductor company’s stock after buying an additional 16,555 shares during the quarter. Lmcg Investments LLC owned 0.06% of Enphase Energy worth $9,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in Enphase Energy by 57.9% during the second quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock worth $626,683,000 after buying an additional 2,304,408 shares during the period. Swedbank AB bought a new stake in shares of Enphase Energy during the first quarter worth $424,130,000. Electron Capital Partners LLC lifted its position in shares of Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after purchasing an additional 1,078,154 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Enphase Energy by 11.1% during the first quarter. Nordea Investment Management AB now owns 907,722 shares of the semiconductor company’s stock worth $108,927,000 after purchasing an additional 90,558 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Enphase Energy by 17.6% during the second quarter. Thrivent Financial for Lutherans now owns 826,742 shares of the semiconductor company’s stock worth $82,434,000 after purchasing an additional 123,856 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Canaccord Genuity Group downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group restated a “hold” rating and issued a $95.00 price objective (down from $140.00) on shares of Enphase Energy in a report on Wednesday, October 23rd. Finally, TD Cowen decreased their price objective on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Three 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.com, the company has an average rating of “Hold” and an average price target of $111.26.

Enphase Energy Stock Performance

NASDAQ ENPH traded up $0.50 during trading hours on Friday, reaching $83.54. The stock had a trading volume of 4,109,290 shares, compared to its average volume of 3,817,769. The stock has a fifty day moving average of $104.89 and a 200 day moving average of $110.57. The stock has a market cap of $11.29 billion, a P/E ratio of 189.86, a price-to-earnings-growth ratio of 9.26 and a beta of 1.72. Enphase Energy, Inc. has a 52-week low of $73.49 and a 52-week high of $141.63. 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 issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Sell-side analysts predict that Enphase Energy, Inc. will post 0.92 earnings per share for the current year.

Enphase Energy Company 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.