Commons Capital LLC Sells 1,305 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Commons Capital LLC cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,672 shares of the semiconductor company’s stock after selling 1,305 shares during the period. Enphase Energy makes up 0.7% of Commons Capital LLC’s portfolio, making the stock its 29th largest position. Commons Capital LLC’s holdings in Enphase Energy were worth $802,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. increased its position in shares of 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 shares of Enphase Energy during the third quarter valued at about $34,000. Stone House Investment Management LLC purchased a new position in shares of Enphase Energy during the third quarter valued at about $34,000. Finally, Quarry LP purchased a new position in shares of Enphase Energy during the third quarter valued at about $37,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Down 1.3 %

ENPH opened at $62.84 on Wednesday. The firm’s 50 day simple moving average is $69.28 and its two-hundred day simple moving average is $92.41. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.49 billion, a PE ratio of 142.82, a PEG ratio of 8.01 and a beta of 1.68. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million during the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. As a group, equities analysts forecast that Enphase Energy, Inc. will post 0.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target 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. TD Cowen cut their price objective on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Truist Financial restated a “hold” rating and issued a $65.00 price objective (down previously from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. HSBC cut shares of Enphase Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.