RPG Investment Advisory LLC Sells 723 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

RPG Investment Advisory LLC cut its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,087 shares of the semiconductor company’s stock after selling 723 shares during the period. RPG Investment Advisory LLC’s holdings in Enphase Energy were worth $5,322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. raised its stake in shares of Enphase Energy by 23.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,306 shares of the semiconductor company’s stock valued at $1,005,000 after buying an additional 1,599 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Enphase Energy by 10.5% in the 1st quarter. ProShare Advisors LLC now owns 41,299 shares of the semiconductor company’s stock valued at $4,996,000 after buying an additional 3,911 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Enphase Energy by 4.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 146,954 shares of the semiconductor company’s stock valued at $17,778,000 after buying an additional 6,275 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Enphase Energy by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 165,014 shares of the semiconductor company’s stock valued at $19,963,000 after buying an additional 24,317 shares in the last quarter. Finally, Banco Santander S.A. increased its position in shares of Enphase Energy by 7.8% during the 1st quarter. Banco Santander S.A. now owns 29,895 shares of the semiconductor company’s stock worth $3,617,000 after purchasing an additional 2,155 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Enphase Energy Trading Down 5.6 %

ENPH opened at $60.09 on Wednesday. Enphase Energy, Inc. has a twelve month low of $59.37 and a twelve month high of $141.63. The company has a 50-day simple moving average of $98.28 and a 200 day simple moving average of $108.79. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 136.57, a P/E/G ratio of 7.15 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last posted 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). The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. Analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ENPH shares. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Citigroup dropped their target price on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Craig Hallum lowered their price objective on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Four equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.39.

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.