Avior Wealth Management LLC Purchases 762 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Avior Wealth Management LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 269.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,045 shares of the semiconductor company’s stock after purchasing an additional 762 shares during the quarter. Avior Wealth Management LLC’s holdings in Enphase Energy were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ENPH. UMB Bank n.a. raised its position in shares of Enphase Energy by 784.8% in 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 during the period. nVerses Capital LLC bought a new position in Enphase Energy during the third quarter worth $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy during the third quarter worth $34,000. Quarry LP bought a new position in Enphase Energy during the third quarter worth $37,000. Finally, Blue Trust Inc. increased its position in Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 228 shares during the period. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ENPH shares. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets decreased their price target on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research note on Monday, October 14th. Finally, Truist Financial reiterated a “hold” rating and set a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus price target of $93.43.

Enphase Energy Stock Performance

Enphase Energy stock opened at $60.87 on Thursday. The stock has a 50-day simple moving average of $69.38 and a 200 day simple moving average of $90.58. 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 has a market capitalization of $8.22 billion, a price-to-earnings ratio of 138.34, a P/E/G ratio of 7.79 and a beta of 1.68.

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.