Enphase Energy (NASDAQ:ENPH) PT Lowered to $114.00 at Barclays

Enphase Energy (NASDAQ:ENPH) had its target price decreased by Barclays from $129.00 to $114.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

ENPH has been the topic of several other research reports. Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price target on the stock. in a research report on Wednesday. Oppenheimer decreased their price objective on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday. Canaccord Genuity Group reaffirmed a “hold” rating and set a $95.00 price objective (down from $140.00) on shares of Enphase Energy in a research report on Wednesday. Raymond James decreased their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, William Blair assumed coverage on Enphase Energy in a research report on Thursday, August 29th. They set a “market perform” rating for the company. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.56.

Enphase Energy Price Performance

ENPH stock opened at $78.47 on Wednesday. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $10.68 billion, a P/E ratio of 40.87, a PEG ratio of 5.57 and a beta of 1.72. The business has a 50 day simple moving average of $109.81 and a 200-day simple moving average of $112.23. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. As a group, equities analysts anticipate that Enphase Energy will post 1.19 EPS for the current year.

Hedge Funds Weigh In On Enphase Energy

Several hedge funds have recently bought and sold shares of ENPH. Manchester Capital Management LLC increased its position in Enphase Energy by 1,068.4% during the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after buying an additional 203 shares in the last quarter. Chilton Capital Management LLC increased its position in Enphase Energy by 2,733.3% during the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares in the last quarter. UMB Bank n.a. increased its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in Enphase Energy during the third quarter worth $34,000. Finally, Quest Partners LLC increased its position in Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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.