Enphase Energy (NASDAQ:ENPH) PT Lowered to $104.00 at BMO Capital Markets

Enphase Energy (NASDAQ:ENPH) had its price objective decreased by BMO Capital Markets from $114.00 to $104.00 in a research report sent to investors on Monday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the semiconductor company’s stock.

A number of other analysts have also issued reports on ENPH. Craig Hallum lifted their price objective on shares of Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Guggenheim cut their price objective on shares of Enphase Energy from $93.00 to $90.00 and set a “sell” rating on the stock in a report on Friday, October 4th. BNP Paribas raised shares of Enphase Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $144.00 in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Roth Mkm reiterated a “buy” rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $123.49.

Enphase Energy Stock Up 1.2 %

Shares of Enphase Energy stock opened at $93.13 on Monday. The company has a fifty day moving average price of $111.92 and a 200 day moving average price of $113.20. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $141.63. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 48.51, a price-to-earnings-growth ratio of 5.57 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. Enphase Energy’s quarterly revenue was down 57.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Equities research analysts forecast that Enphase Energy will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC raised its position in shares of Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC grew its stake in Enphase Energy by 2,733.3% during the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. UMB Bank n.a. increased its position in Enphase Energy by 784.8% in 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 during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter valued at $34,000. Finally, Quest Partners LLC lifted its stake in Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 461 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.