Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $101.00 at Craig Hallum

Enphase Energy (NASDAQ:ENPH) had its target price dropped by stock analysts at Craig Hallum from $123.00 to $101.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target points to a potential upside of 49.44% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Bank of America dropped their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a report on Thursday, November 7th. Canaccord Genuity Group upgraded Enphase Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $82.00 in a research note on Wednesday. Roth Mkm decreased their price objective on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. HSBC lowered Enphase Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $154.00 to $81.00 in a report on Friday, November 8th. Finally, TD Cowen dropped their target price on Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.19.

Enphase Energy Price Performance

Shares of Enphase Energy stock traded up $1.34 during mid-day trading on Wednesday, reaching $67.59. 4,078,306 shares of the stock were exchanged, compared to its average volume of 3,683,722. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 154.23, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The firm has a 50-day simple moving average of $69.02 and a 200 day simple moving average of $89.11.

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

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. boosted its stake 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 in the last quarter. nVerses Capital LLC acquired a new position in Enphase Energy in the third quarter worth $34,000. Stone House Investment Management LLC acquired a new position in shares of Enphase Energy during the third quarter valued at $34,000. Finally, Quarry LP acquired a new position in shares of Enphase Energy during the third quarter valued at $37,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.