MetLife Investment Management LLC Has $4.65 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

MetLife Investment Management LLC lessened its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 41,143 shares of the semiconductor company’s stock after selling 1,178 shares during the quarter. MetLife Investment Management LLC’s holdings in Enphase Energy were worth $4,650,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in Enphase Energy by 279.6% in the 1st quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock worth $2,934,000 after purchasing an additional 17,861 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Enphase Energy by 48.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $10,658,000 after buying an additional 29,013 shares in the last quarter. Mather Group LLC. increased its stake in Enphase Energy by 1,727.6% during the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 501 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Enphase Energy by 61.1% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 3,626 shares of the semiconductor company’s stock valued at $362,000 after acquiring an additional 1,375 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Enphase Energy by 6.9% in the 2nd quarter. CWM LLC now owns 5,548 shares of the semiconductor company’s stock worth $553,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Down 1.4 %

Shares of NASDAQ:ENPH opened at $71.35 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 162.16, a P/E/G ratio of 21.09 and a beta of 1.77. The company has a 50 day moving average of $86.46 and a 200-day moving average of $104.68. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ENPH shares. Northland Securities lowered their price objective on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Citigroup lowered their price target on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Piper Sandler reduced their price objective on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, November 22nd. Bank of America lowered their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group cut their price target on shares of Enphase Energy from $170.00 to $145.00 and set a “buy” rating 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 assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus price target of $101.13.

Enphase Energy 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.