TT International Asset Management LTD Makes New $484,000 Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

TT International Asset Management LTD bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 7,050 shares of the semiconductor company’s stock, valued at approximately $484,000.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in Enphase Energy by 6,975.0% in the 3rd 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 period. UMB Bank n.a. boosted its position in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $34,000. Finally, Quarry LP bought a new stake in shares of Enphase Energy during the 3rd quarter valued at about $37,000. Institutional investors own 72.12% of the company’s stock.

Analyst Ratings Changes

ENPH has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded Enphase Energy from a “hold” rating to an “underperform” rating and dropped their price target for the company from $93.00 to $61.00 in a research report on Thursday, November 7th. Canaccord Genuity Group reissued a “hold” rating and set a $76.00 target price on shares of Enphase Energy in a research note on Tuesday, November 19th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Craig Hallum reduced their target price on Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Enphase Energy has an average rating of “Hold” and an average price target of $97.86.

Enphase Energy Trading Down 4.2 %

ENPH opened at $66.74 on Monday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 151.68, a PEG ratio of 21.92 and a beta of 1.68. 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, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The stock has a fifty day moving average price of $70.53 and a 200-day moving average price of $94.11.

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). The company had revenue of $380.90 million during 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 was down 30.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, equities research analysts anticipate that Enphase Energy, Inc. will post 0.94 earnings per share for the current fiscal 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.