Enphase Energy (NASDAQ:ENPH) PT Lowered to $147.00 at Craig Hallum

Enphase Energy (NASDAQ:ENPH) had its target price cut by Craig Hallum from $159.00 to $147.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently commented on ENPH. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $141.00 to $128.00 and set an overweight rating on the stock in a research note on Wednesday. Citigroup cut Enphase Energy from a buy rating to a neutral rating and reduced their price target for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. StockNews.com cut Enphase Energy from a hold rating to a sell rating in a research report on Wednesday, February 7th. Mizuho reduced their price target on Enphase Energy from $150.00 to $148.00 and set a buy rating for the company in a research report on Friday, April 19th. Finally, BMO Capital Markets reduced their price target on Enphase Energy from $118.00 to $113.00 and set a market perform rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of Hold and an average price target of $137.41.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $111.93 on Wednesday. The business’s 50-day moving average price is $118.22 and its two-hundred day moving average price is $111.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. Enphase Energy has a one year low of $73.49 and a one year high of $192.22. The company has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 3.17 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $302.57 million for the quarter, compared to the consensus estimate of $327.06 million. Analysts anticipate that Enphase Energy will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares of the company’s stock, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENPH. CWM LLC lifted its stake in shares of Enphase Energy by 6.3% in the 3rd quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 239 shares during the period. AE Wealth Management LLC lifted its stake in shares of Enphase Energy by 24.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,940 shares of the semiconductor company’s stock valued at $1,795,000 after purchasing an additional 2,921 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Enphase Energy by 108.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 325 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Enphase Energy by 155.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 820 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $259,000. Institutional investors and hedge funds 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.