Dudley & Shanley Inc. Has $769,000 Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 73.9% during the third quarter, Holdings Channel reports. The fund owned 6,800 shares of the semiconductor company’s stock after selling 19,230 shares during the quarter. Dudley & Shanley Inc.’s holdings in Enphase Energy were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ENPH. Peapack Gladstone Financial Corp acquired a new stake in Enphase Energy during the third quarter worth approximately $292,000. Tidal Investments LLC increased its holdings in shares of Enphase Energy by 121.4% during the third quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock worth $13,893,000 after purchasing an additional 67,411 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Enphase Energy during the 3rd quarter valued at $239,000. Coldstream Capital Management Inc. acquired a new position in Enphase Energy in the third quarter valued at about $210,000. Finally, Gould Capital LLC lifted its position in Enphase Energy by 2.1% during the third quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock worth $1,153,000 after purchasing an additional 212 shares during the period. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen cut their target price on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group restated a “hold” rating and issued a $76.00 price target on shares of Enphase Energy in a research note on Tuesday, November 19th. Canaccord Genuity Group cut shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Oppenheimer dropped their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Four 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. According to data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $100.33.

Enphase Energy Stock Up 2.2 %

Shares of ENPH stock traded up $1.55 on Monday, hitting $73.00. The stock had a trading volume of 2,541,277 shares, compared to its average volume of 4,024,378. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63. 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 business has a 50 day moving average of $75.45 and a 200 day moving average of $99.23. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 165.91, a price-to-earnings-growth ratio of 22.03 and a beta of 1.69.

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

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.