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

Enphase Energy (NASDAQ:ENPH) had its target price lowered by analysts at Craig Hallum from $123.00 to $101.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective would indicate a potential upside of 51.86% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America lowered their price target 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. Evercore ISI lowered their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets cut their target price on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Oppenheimer cut their price objective on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Stock Up 1.9 %

Shares of NASDAQ:ENPH opened at $66.51 on Wednesday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 151.16, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The stock’s 50-day moving average price is $68.77 and its 200-day moving average price is $88.79. 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 has a 12-month low of $58.33 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. On average, equities 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 hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC boosted its holdings 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 worth $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. lifted its holdings in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the period. nVerses Capital LLC purchased a new position in Enphase Energy during the 3rd quarter valued at about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy in the third quarter worth approximately $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter valued at about $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.