Enphase Energy (NASDAQ:ENPH) Price Target Cut to $100.00 by Analysts at TD Cowen

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective decreased by TD Cowen from $120.00 to $100.00 in a research report report published on Monday morning, Marketbeat.com reports. TD Cowen currently has a buy rating on the semiconductor company's stock.

ENPH has been the subject of a number of other reports. Craig Hallum cut their target price on Enphase Energy from $153.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. BNP Paribas cut Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 price objective for the company. in a research report on Friday, November 8th. Hsbc Global Res cut shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. BMO Capital Markets reduced their price objective on shares of Enphase Energy from $114.00 to $104.00 and set a "market perform" rating for the company in a research note on Monday, October 14th. Finally, Raymond James lowered their target price on shares of Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.43.

Enphase Energy Stock Performance

Shares of ENPH traded down $1.71 during mid-day trading on Monday, hitting $62.24. 2,814,940 shares of the company's stock were exchanged, compared to its average volume of 3,486,311. The firm has a market capitalization of $8.41 billion, a P/E ratio of 141.45, a P/E/G ratio of 7.79 and a beta of 1.68. Enphase Energy has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The business's 50 day moving average is $69.41 and its two-hundred day moving average is $91.19. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently bought and sold shares of the business. Baillie Gifford & Co. grew its position in shares of Enphase Energy by 0.9% during the third quarter. Baillie Gifford & Co. now owns 6,343,099 shares of the semiconductor company's stock worth $716,897,000 after acquiring an additional 58,040 shares during the last quarter. Swedbank AB grew its position in Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock worth $391,442,000 after purchasing an additional 11,890 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Enphase Energy by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company's stock valued at $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Enphase Energy by 6.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company's stock valued at $265,609,000 after buying an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Enphase Energy by 131.6% during the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock worth $155,360,000 after buying an additional 1,258,778 shares during the period. 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.