Dudley & Shanley Inc. Has $769,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 73.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,800 shares of the semiconductor company’s stock after selling 19,230 shares during the period. Dudley & Shanley Inc.’s holdings in Enphase Energy were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Peapack Gladstone Financial Corp bought a new stake in Enphase Energy in the third quarter valued at $292,000. Tidal Investments LLC boosted its stake in shares of Enphase Energy by 121.4% in the 3rd quarter. Tidal Investments LLC now owns 122,929 shares of the semiconductor company’s stock valued at $13,893,000 after purchasing an additional 67,411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Enphase Energy in the 3rd quarter worth about $239,000. Coldstream Capital Management Inc. acquired a new stake in shares of Enphase Energy during the 3rd quarter worth about $210,000. Finally, Gould Capital LLC lifted its holdings in Enphase Energy by 2.1% during the 3rd quarter. Gould Capital LLC now owns 10,206 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 212 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Up 2.2 %

Shares of NASDAQ:ENPH traded up $1.55 during midday trading on Monday, reaching $73.00. The company had a trading volume of 2,541,277 shares, compared to its average volume of 4,024,378. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The stock has a market cap of $9.86 billion, a PE ratio of 165.91, a P/E/G ratio of 22.03 and a beta of 1.69. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average price is $75.45 and its 200 day moving average price is $99.23.

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). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. Research analysts forecast that Enphase Energy, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several research analyst reports. HSBC cut shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $154.00 to $81.00 in a research note on Friday, November 8th. William Blair initiated coverage on Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Piper Sandler reduced their price objective on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 23rd. Finally, Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.33.

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.