B. Riley Wealth Advisors Inc. Has $419,000 Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

B. Riley Wealth Advisors Inc. decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,727 shares of the semiconductor company’s stock after selling 893 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Enphase Energy were worth $419,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in Enphase Energy during the 3rd quarter valued at approximately $1,273,000. Charles Schwab Investment Management Inc. boosted its position in shares of Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after acquiring an additional 16,234 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Enphase Energy in the third quarter worth $37,475,000. Mizuho Securities USA LLC increased its position in Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after acquiring an additional 438,424 shares during the period. Finally, Impax Asset Management Group plc raised its stake in Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after purchasing an additional 31,008 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENPH. Piper Sandler dropped their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Raymond James cut their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. BNP Paribas lowered Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a report on Friday, November 8th. Susquehanna cut their target price 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. Finally, TD Cowen decreased their price target on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.33.

Enphase Energy Price Performance

Shares of ENPH opened at $65.80 on Friday. The stock has a market cap of $8.89 billion, a P/E ratio of 149.55, a price-to-earnings-growth ratio of 22.03 and a beta of 1.69. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63. The stock’s 50-day moving average price is $76.04 and its two-hundred day moving average price is $100.07. 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 (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was down 30.9% compared to the same quarter last year. On average, equities analysts predict that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

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.