Enphase Energy (NASDAQ:ENPH) Given New $101.00 Price Target at Craig Hallum

Enphase Energy (NASDAQ:ENPH) had its target price decreased by Craig Hallum from $123.00 to $101.00 in a research note issued to investors on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on ENPH. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a research report on Friday, January 31st. Bank of America decreased their target price on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. Finally, Oppenheimer cut their price target on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.79.

Enphase Energy Trading Down 1.5 %

Enphase Energy stock opened at $65.26 on Wednesday. The firm has a market cap of $8.82 billion, a PE ratio of 148.32, a P/E/G ratio of 8.22 and a beta of 1.68. Enphase Energy has a 12 month low of $58.33 and a 12 month high of $141.63. The stock’s 50 day simple moving average is $68.88 and its two-hundred day simple moving average is $88.95. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Analysts anticipate that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENPH. Avior Wealth Management LLC increased its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. lifted its position in 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 buying an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy during the third quarter valued at about $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy during the third quarter valued at about $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.