Craig Hallum Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $147.00

Enphase Energy (NASDAQ:ENPH) had its target price trimmed by Craig Hallum from $159.00 to $147.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

ENPH has been the subject of several other reports. Barclays boosted their target price on shares of Enphase Energy from $106.00 to $115.00 and gave the stock an equal weight rating in a research report on Thursday, February 8th. Guggenheim downgraded shares of Enphase Energy from a neutral rating to a sell rating and set a $92.00 target price for the company. in a research report on Wednesday. Roth Mkm reissued a buy rating and set a $140.00 target price on shares of Enphase Energy in a research report on Wednesday. StockNews.com downgraded shares of Enphase Energy from a hold rating to a sell rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their price objective on shares of Enphase Energy from $140.00 to $130.00 and set an outperform rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $137.41.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $111.93 on Wednesday. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $118.22 and its 200-day moving average price is $111.90. The firm has a market capitalization of $15.23 billion, a P/E ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $192.22.

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

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the sale, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $104.69, for a total transaction of $2,093,800.00. Following the sale, the director now owns 118,360 shares in the company, valued at approximately $12,391,108.40. The disclosure for this sale can be found here. Insiders have sold 54,285 shares of company stock worth $6,148,228 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Enphase Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC bought a new position in shares of Enphase Energy during the 4th quarter valued at $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy during the 4th quarter valued at $31,000. YHB Investment Advisors Inc. bought a new position in shares of Enphase Energy during the 1st quarter valued at $35,000. Parkside Financial Bank & Trust grew its holdings in shares of Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 176 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 133 shares during the last quarter. 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.