Enphase Energy (NASDAQ:ENPH) PT Lowered to $120.00

Enphase Energy (NASDAQ:ENPH) had its price target trimmed by JPMorgan Chase & Co. from $130.00 to $120.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Several other research analysts have also weighed in on ENPH. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim lowered Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a report on Wednesday. Glj Research began coverage on Enphase Energy in a research note on Tuesday, June 25th. They set a “sell” rating and a $45.82 price objective on the stock. Raymond James decreased their target price on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets dropped their price target on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average price target of $111.26.

Enphase Energy Stock Up 3.4 %

Shares of NASDAQ ENPH opened at $83.83 on Wednesday. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 190.52, a PEG ratio of 8.07 and a beta of 1.72. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The stock’s 50-day simple moving average is $108.44 and its 200-day simple moving average is $111.72.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. The business had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was down 30.9% on a year-over-year basis. As a group, equities analysts anticipate that Enphase Energy will post 1.18 earnings per share for the current fiscal year.

Institutional Trading of Enphase Energy

Institutional investors have recently made changes to their positions in the stock. Manchester Capital Management LLC increased its stake in shares of Enphase Energy by 1,068.4% during the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 203 shares during the period. Chilton Capital Management LLC boosted its stake in Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. UMB Bank n.a. increased its position 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 valued at $33,000 after purchasing an additional 259 shares during the period. nVerses Capital LLC bought a new stake in shares of Enphase Energy in the 3rd quarter worth $34,000. Finally, Blue Trust Inc. lifted its holdings in shares of Enphase Energy by 109.1% in the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 228 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

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.