Enphase Energy (NASDAQ:ENPH) PT Lowered to $101.00

Enphase Energy (NASDAQ:ENPH) had its price target decreased by Oppenheimer from $134.00 to $101.00 in a research report released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the semiconductor company’s stock.

ENPH has been the subject of several other reports. Bank of America upped their target price on Enphase Energy from $82.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Truist Financial dropped their price target on Enphase Energy from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Citigroup dropped their price target on Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday. Craig Hallum lifted their price objective on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler dropped their price target on shares of Enphase Energy from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.26.

Enphase Energy Trading Up 3.4 %

Shares of Enphase Energy stock opened at $83.83 on Wednesday. The company has a fifty day moving average of $108.44 and a 200 day moving average of $111.79. 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 fifty-two week low of $73.49 and a fifty-two week high of $141.63. The company has a market capitalization of $11.41 billion, a P/E ratio of 43.66, a P/E/G ratio of 5.57 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. Enphase Energy’s revenue for the quarter was down 30.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. On average, sell-side analysts anticipate that Enphase Energy will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENPH. Kingswood Wealth Advisors LLC purchased a new stake in Enphase Energy during the first quarter worth $272,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $470,000. Bouvel Investment Partners LLC grew its position in shares of Enphase Energy by 2.7% in the first quarter. Bouvel Investment Partners LLC now owns 13,807 shares of the semiconductor company’s stock valued at $1,670,000 after purchasing an additional 357 shares during the period. AMF Tjanstepension AB grew its holdings in Enphase Energy by 5.2% in the 1st quarter. AMF Tjanstepension AB now owns 164,546 shares of the semiconductor company’s stock valued at $19,907,000 after buying an additional 8,190 shares during the period. Finally, SteelPeak Wealth LLC acquired a new position in Enphase Energy during the first quarter worth approximately $592,000. 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.