Toronto Dominion Bank Lowers Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Toronto Dominion Bank lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 98.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 50,115 shares of the semiconductor company’s stock after selling 3,673,035 shares during the period. Toronto Dominion Bank’s holdings in Enphase Energy were worth $5,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. boosted its stake in 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 buying an additional 259 shares during the period. nVerses Capital LLC purchased a new position in Enphase Energy during the third quarter worth about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the 3rd quarter worth about $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy in the 3rd quarter valued at about $37,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Up 1.2 %

ENPH stock opened at $73.84 on Friday. 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 market cap of $9.98 billion, a price-to-earnings ratio of 167.82, a P/E/G ratio of 22.03 and a beta of 1.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The business’s 50-day moving average is $78.75 and its two-hundred day moving average is $101.50.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. As a group, analysts forecast that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley cut their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Barclays decreased their price target on shares of Enphase Energy from $129.00 to $114.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a report on Friday, November 8th. Craig Hallum reduced their target price on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, William Blair started coverage on Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.13.

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.