Craig Hallum Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its target price lowered by Craig Hallum from $123.00 to $101.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. BNP Paribas downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a report on Friday, November 8th. Morgan Stanley reduced their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday. Roth Mkm lowered their price objective on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.79.

Enphase Energy Stock Down 1.5 %

Shares of NASDAQ:ENPH opened at $65.26 on Wednesday. The firm has a market capitalization of $8.82 billion, a PE ratio of 148.32, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The firm’s 50-day moving average is $68.88 and its two-hundred day moving average is $88.95.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Analysts predict that Enphase Energy will post 0.92 EPS for the current year.

Institutional Trading of Enphase Energy

A number of institutional investors have recently bought and sold shares of ENPH. Sanctuary Advisors LLC acquired a new position in shares of Enphase Energy during the 2nd quarter worth $1,878,000. Czech National Bank raised its position in Enphase Energy by 6.4% during the third quarter. Czech National Bank now owns 27,586 shares of the semiconductor company’s stock worth $3,118,000 after acquiring an additional 1,658 shares during the last quarter. GAMMA Investing LLC raised its position in Enphase Energy by 32.5% during the third quarter. GAMMA Investing LLC now owns 2,130 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 522 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Enphase Energy in the third quarter valued at about $210,000. Finally, Leibman Financial Services Inc. grew its position in shares of Enphase Energy by 1.7% in the third quarter. Leibman Financial Services Inc. now owns 18,395 shares of the semiconductor company’s stock valued at $2,079,000 after purchasing an additional 315 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.