L & S Advisors Inc Invests $398,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

L & S Advisors Inc acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,520 shares of the semiconductor company’s stock, valued at approximately $398,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings in shares of Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. grew its stake 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 worth $33,000 after acquiring an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Quest Partners LLC boosted its holdings in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Up 0.3 %

Shares of NASDAQ:ENPH opened at $63.59 on Friday. The company has a market capitalization of $8.59 billion, a PE ratio of 144.52, a price-to-earnings-growth ratio of 18.81 and a beta of 1.77. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The company has a fifty day moving average of $91.80 and a 200-day moving average of $106.49.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on ENPH shares. The Goldman Sachs Group reduced their price target on Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI lowered their target price on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. William Blair assumed coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Piper Sandler lowered their price target on Enphase Energy from $105.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $102.09.

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.