Caitlin John LLC Reduces Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Caitlin John LLC decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the semiconductor company’s stock after selling 200 shares during the period. Caitlin John LLC’s holdings in Enphase Energy were worth $103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of 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 acquiring an additional 279 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Enphase Energy during the third quarter valued at approximately $34,000. Stone House Investment Management LLC purchased a new stake in Enphase Energy in the third quarter worth $34,000. Finally, Quarry LP bought a new position in Enphase Energy in the third quarter worth $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $65.26 on Thursday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 148.32, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The firm has a 50 day moving average of $68.88 and a 200 day moving average of $88.95.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data 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 return on equity of 10.56% and a net margin of 4.91%. On average, research analysts anticipate that Enphase Energy, Inc. will post 0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENPH. Glj Research reaffirmed a “sell” rating and issued a $50.69 target price on shares of Enphase Energy in a research report on Tuesday. Hsbc Global Res cut shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Royal Bank of Canada reduced their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Finally, StockNews.com upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Enphase Energy currently has an average rating of “Hold” and an average price target of $90.79.

Enphase Energy Company 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.