Enphase Energy, Inc. (NASDAQ:ENPH) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,100 shares of the semiconductor company’s stock after selling 7,471 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Enphase Energy were worth $454,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ENPH. Avior Wealth Management LLC boosted its position in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. lifted its stake in Enphase Energy by 784.8% in 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 last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the third quarter valued at $34,000. Stone House Investment Management LLC bought a new position in shares of Enphase Energy during the third quarter worth about $34,000. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the 3rd quarter worth about $37,000. 72.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ENPH shares. TD Cowen reduced their target price on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Oppenheimer raised their target price on Enphase Energy from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Citigroup boosted their price target on Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum lowered their price target on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $82.00 in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Stock Performance

Shares of ENPH opened at $63.53 on Monday. The company has a market capitalization of $8.58 billion, a PE ratio of 85.85, a PEG ratio of 8.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.88 and a current ratio of 3.53. The company’s 50 day moving average price is $68.61 and its 200 day moving average price is $88.20. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Research analysts expect that Enphase Energy, Inc. will post 2.12 EPS 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.