IPG Investment Advisors LLC Takes $214,000 Position in Enphase Energy, Inc. (NASDAQ:ENPH)

IPG Investment Advisors LLC bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,018 shares of the semiconductor company’s stock, valued at approximately $214,000.

A number of other institutional investors have also modified their holdings of ENPH. Dakota Wealth Management lifted its position in Enphase Energy by 3.4% during the fourth quarter. Dakota Wealth Management now owns 1,445 shares of the semiconductor company’s stock worth $383,000 after buying an additional 47 shares during the period. Thrivent Financial for Lutherans increased its stake in Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock worth $1,603,000 after acquiring an additional 48 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in Enphase Energy by 29.7% during the first quarter. Ronald Blue Trust Inc. now owns 214 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 49 shares during the last quarter. ETF Managers Group LLC grew its stake in Enphase Energy by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 3,577 shares of the semiconductor company’s stock valued at $752,000 after purchasing an additional 53 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Enphase Energy by 2.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,140 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.

Enphase Energy Trading Down 0.2 %

ENPH stock traded down $0.31 during midday trading on Thursday, reaching $127.80. The company’s stock had a trading volume of 199,168 shares, compared to its average volume of 4,030,294. Enphase Energy, Inc. has a 52 week low of $120.90 and a 52 week high of $339.92. The stock has a market cap of $17.43 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 3.22, a current ratio of 3.44 and a debt-to-equity ratio of 1.23. The business’s 50-day simple moving average is $154.96 and its 200-day simple moving average is $178.24.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.21. Enphase Energy had a net margin of 20.48% and a return on equity of 71.20%. The firm had revenue of $711.12 million for the quarter, compared to analysts’ expectations of $726.94 million. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 3.77 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Enphase Energy from $235.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. StockNews.com assumed coverage on Enphase Energy in a research note on Thursday, August 17th. They set a “hold” rating for the company. B. Riley raised Enphase Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $247.00 to $214.00 in a report on Friday, June 30th. They noted that the move was a valuation call. KeyCorp reduced their target price on Enphase Energy from $267.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, August 17th. Finally, Susquehanna reduced their target price on Enphase Energy from $225.00 to $200.00 and set a “positive” rating on the stock in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.90.

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 services.