Great Valley Advisor Group Inc. Has $2.39 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Great Valley Advisor Group Inc. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 15.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,179 shares of the semiconductor company’s stock after buying an additional 2,897 shares during the period. Great Valley Advisor Group Inc.’s holdings in Enphase Energy were worth $2,394,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ENPH. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. boosted 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 buying an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the 3rd quarter worth about $34,000. Quest Partners LLC lifted its stake in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several recent analyst reports. William Blair initiated coverage on shares of Enphase Energy in a research note on Thursday, August 29th. They issued a “market perform” rating for the company. Bank of America cut their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Piper Sandler cut their target price on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group cut their target price 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 research 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. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $101.13.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH opened at $66.29 on Monday. The company’s 50 day simple moving average is $90.93 and its 200 day simple moving average is $106.04. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 150.66, a price-to-earnings-growth ratio of 19.49 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a 1 year low of $58.33 and a 1 year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The firm 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% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. As a group, research analysts predict that Enphase Energy, Inc. will post 0.91 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.