Enphase Energy (NASDAQ:ENPH) Given New $110.00 Price Target at Northland Securities

Enphase Energy (NASDAQ:ENPH) had its price objective reduced by Northland Securities from $150.00 to $110.00 in a research note published on Thursday, Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

Several other equities analysts also recently commented on ENPH. Oppenheimer dropped their price objective on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on Enphase Energy from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group restated a “hold” rating and set a $95.00 price target (down from $140.00) on shares of Enphase Energy in a report on Wednesday, October 23rd. 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.26.

Enphase Energy Trading Up 3.4 %

Shares of ENPH opened at $83.83 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $141.63. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 43.66, a PEG ratio of 8.07 and a beta of 1.72. The business’s fifty day moving average is $108.44 and its 200-day moving average is $111.67.

Enphase Energy (NASDAQ:ENPH) last released 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). The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. The business’s revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities analysts anticipate that Enphase Energy will post 1.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Enphase Energy

Several hedge funds and other institutional investors have recently bought and sold shares of ENPH. Manchester Capital Management LLC increased its position in Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 203 shares in the last quarter. Chilton Capital Management LLC increased its holdings in shares of Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. 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 purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at $34,000. Finally, Blue Trust Inc. increased its stake in Enphase Energy by 109.1% during the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 228 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

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.