Rockefeller Capital Management L.P. Sells 30,767 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Rockefeller Capital Management L.P. lowered its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 26.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,845 shares of the semiconductor company's stock after selling 30,767 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of Enphase Energy worth $9,815,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $1,273,000. Charles Schwab Investment Management Inc. grew its position in Enphase Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company's stock worth $99,496,000 after acquiring an additional 16,234 shares during the last quarter. Mizuho Securities USA LLC grew its position in Enphase Energy by 4,177.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company's stock worth $50,737,000 after acquiring an additional 438,424 shares during the last quarter. Impax Asset Management Group plc grew its position in Enphase Energy by 15.9% during the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company's stock worth $25,555,000 after acquiring an additional 31,008 shares during the last quarter. Finally, Swedbank AB grew its position in Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after acquiring an additional 11,890 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ENPH shares. Janney Montgomery Scott downgraded Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 23rd. Raymond James cut their price target on Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. HSBC cut Enphase Energy from a "buy" rating to a "hold" rating and lowered their target price for the stock from $154.00 to $81.00 in a report on Friday, November 8th. StockNews.com upgraded Enphase Energy from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Citigroup cut their target price on shares of Enphase Energy from $114.00 to $99.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $101.13.

Enphase Energy Trading Down 0.2 %

Shares of NASDAQ ENPH traded down $0.14 during midday trading on Wednesday, hitting $73.12. 2,202,578 shares of the company traded hands, compared to its average volume of 4,063,583. Enphase Energy, Inc. has a 12-month low of $58.33 and a 12-month high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The stock has a 50-day moving average price of $84.75 and a 200 day moving average price of $104.02. The firm has a market cap of $9.88 billion, a P/E ratio of 166.50, a P/E/G ratio of 22.30 and a beta of 1.69.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). The company had revenue of $380.90 million for the quarter, compared to analysts' expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy's quarterly revenue was down 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, analysts expect that Enphase Energy, Inc. will post 0.94 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.