Entropy Technologies LP Invests $897,000 in Enphase Energy, Inc. (NASDAQ:ENPH)

Entropy Technologies LP acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, Holdings Channel reports. The fund acquired 13,063 shares of the semiconductor company’s stock, valued at approximately $897,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Avior Wealth Management LLC raised 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 valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. raised its holdings in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC purchased a new stake in Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy in the third quarter valued at about $34,000. Finally, Quarry LP purchased a new position in Enphase Energy during the third quarter worth about $37,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Trading Down 0.8 %

NASDAQ ENPH opened at $63.05 on Tuesday. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 85.20, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88. The firm’s fifty day moving average price is $68.37 and its 200 day moving average price is $87.81.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts expect that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ENPH. Barclays decreased their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research note on Friday, January 31st. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Janney Montgomery Scott lowered 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. Finally, StockNews.com upgraded Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $90.42.

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.