Fifth Third Bancorp Has $178,000 Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Fifth Third Bancorp lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 53.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,590 shares of the semiconductor company’s stock after selling 2,957 shares during the period. Fifth Third Bancorp’s holdings in Enphase Energy were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ENPH. Avior Wealth Management LLC boosted its position in Enphase Energy by 6,975.0% during 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 last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 259 shares in the last quarter. 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 bought a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $34,000. Finally, Quarry LP bought a new position in Enphase Energy during the third quarter valued at approximately $37,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Up 0.4 %

Shares of NASDAQ ENPH opened at $62.28 on Friday. The business has a fifty day moving average of $69.27 and a two-hundred day moving average of $90.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The stock has a market cap of $8.41 billion, a PE ratio of 141.55, a PEG ratio of 7.94 and a beta of 1.68.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. TD Cowen lowered their target price on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Evercore ISI reduced their price target on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lowered their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Finally, Piper Sandler reduced their target price on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.06.

About Enphase Energy

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.