Enphase Energy (NASDAQ:ENPH) Given "Hold" Rating at Truist Financial

Truist Financial restated their hold rating on shares of Enphase Energy (NASDAQ:ENPH - Free Report) in a report released on Thursday morning, MarketBeat reports. The firm currently has a $65.00 target price on the semiconductor company's stock, down from their prior target price of $100.00.

Several other equities analysts also recently issued reports on ENPH. Roth Mkm cut their price objective on Enphase Energy from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 target price for the company. in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of Enphase Energy from $101.00 to $83.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. OTR Global raised shares of Enphase Energy from a "negative" rating to a "mixed" rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of Enphase Energy from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of "Hold" and an average target price of $95.59.

Enphase Energy Price Performance

Shares of ENPH traded up $0.22 during trading hours on Thursday, hitting $63.69. The stock had a trading volume of 3,116,627 shares, compared to its average volume of 3,142,698. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 144.75, a P/E/G ratio of 7.87 and a beta of 1.68. 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 company's fifty day moving average is $69.29 and its two-hundred day moving average is $93.19. Enphase Energy has a 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same period in the prior year, the company posted $0.84 earnings per share. Enphase Energy's quarterly revenue was down 30.9% compared to the same quarter last year. On average, analysts anticipate that Enphase Energy will post 0.92 EPS for the current year.

Institutional Trading of Enphase Energy

A number of institutional investors have recently modified their holdings of ENPH. Avior Wealth Management LLC grew its position in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the third quarter valued at $34,000. Finally, Quarry LP acquired a new position in Enphase Energy during the third quarter worth $37,000. 72.12% of the stock is currently owned by institutional investors.

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.