Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $90.00 at Northland Securities

Enphase Energy (NASDAQ:ENPH - Free Report) had its target price cut by Northland Securities from $110.00 to $90.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the semiconductor company's stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Enphase Energy from $170.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas cut Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 price target on the stock. in a report on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on Enphase Energy from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group downgraded Enphase Energy from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott cut Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned 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 $102.09.

Enphase Energy Trading Down 1.7 %

Shares of NASDAQ ENPH traded down $1.07 during midday trading on Tuesday, hitting $61.33. 3,070,467 shares of the company traded hands, compared to its average volume of 4,053,994. Enphase Energy has a 12-month low of $58.33 and a 12-month high of $141.63. The stock has a 50-day moving average price of $94.46 and a 200 day moving average price of $107.46. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm has a market cap of $8.29 billion, a P/E ratio of 141.82, a P/E/G ratio of 18.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). The company had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The business's revenue for the quarter was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, analysts expect that Enphase Energy will post 0.91 earnings per share for the current year.

Institutional Trading of Enphase Energy

Several hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. grew its position in shares of Enphase Energy by 2.8% during the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company's stock worth $335,000 after buying an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Enphase Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company's stock worth $1,165,000 after purchasing an additional 100 shares during the period. Green Alpha Advisors LLC increased its position in Enphase Energy by 1.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company's stock valued at $808,000 after acquiring an additional 102 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Enphase Energy by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company's stock valued at $557,000 after purchasing an additional 106 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in shares of Enphase Energy by 10.2% in the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company's stock worth $128,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds 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.