Lmcg Investments LLC Has $3.57 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Lmcg Investments LLC lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 35.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,960 shares of the semiconductor company’s stock after selling 29,157 shares during the period. Lmcg Investments LLC’s holdings in Enphase Energy were worth $3,569,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its stake in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. Electron Capital Partners LLC increased its stake in shares of Enphase Energy by 1,021.4% in 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 in the last quarter. Anomaly Capital Management LP bought a new stake in shares of Enphase Energy in the second quarter valued at approximately $51,582,000. Mizuho Securities USA LLC increased its holdings in shares of Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock worth $50,737,000 after purchasing an additional 438,424 shares during the period. Finally, Aspex Management HK Ltd bought a new position in Enphase Energy in the 3rd quarter worth about $48,442,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 0.3 %

Enphase Energy stock opened at $63.69 on Tuesday. The firm has a market cap of $8.61 billion, a P/E ratio of 144.75, a P/E/G ratio of 8.01 and a beta of 1.68. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63. The business has a fifty day moving average of $69.22 and a two-hundred day moving average of $92.65.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS 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 quarter last year, the firm earned $0.84 EPS. The company’s revenue was down 30.9% compared to the same quarter last year. On average, analysts forecast that Enphase Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several research analyst reports. Craig Hallum decreased their price objective on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Truist Financial restated a “hold” rating and set a $65.00 price target (down from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Royal Bank of Canada lowered their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Finally, Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $95.59.

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.