MassMutual Private Wealth & Trust FSB Trims Position in Enphase Energy, Inc. (NASDAQ:ENPH)

MassMutual Private Wealth & Trust FSB decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 48.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,959 shares of the semiconductor company’s stock after selling 19,322 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Enphase Energy were worth $1,439,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. Electron Capital Partners LLC raised its stake in Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock valued at $118,028,000 after purchasing an additional 1,078,154 shares during the period. Anomaly Capital Management LP bought a new position in Enphase Energy in the 2nd quarter worth approximately $51,582,000. Mizuho Securities USA LLC grew its holdings in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in Enphase Energy during the 3rd quarter valued at approximately $48,442,000. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ENPH shares. Wells Fargo & Company dropped their target price on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets cut their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. TD Cowen decreased their target price on Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Northland Securities cut their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Finally, HSBC downgraded Enphase Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $154.00 to $81.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.59.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $63.69 on Tuesday. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 144.75, a PEG ratio of 7.87 and a beta of 1.68. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. 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 company’s 50 day moving average is $69.22 and its 200 day moving average is $92.65.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results 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 company had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was down 30.9% on a year-over-year basis. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 0.92 EPS for the current fiscal year.

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.