Guinness Atkinson Asset Management Inc Sells 314 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Guinness Atkinson Asset Management Inc lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,466 shares of the semiconductor company’s stock after selling 314 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Enphase Energy were worth $307,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of Enphase Energy from $145.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Roth Mkm cut their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and lowered their price target for the company from $93.00 to $61.00 in a research report on Thursday, November 7th. TD Cowen dropped their price objective 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. Finally, Janney Montgomery Scott downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.59.

Enphase Energy Stock Up 0.3 %

NASDAQ:ENPH opened at $63.69 on Monday. The company has a quick ratio of 3.88, a current ratio of 4.16 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 stock’s fifty day simple moving average is $69.22 and its 200-day simple moving average is $92.90. The firm has a market capitalization of $8.61 billion, a P/E ratio of 144.75, a P/E/G ratio of 7.87 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results 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 company had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Equities research analysts expect that Enphase Energy, Inc. will post 0.92 earnings per share for the current year.

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.