Enphase Energy (NASDAQ:ENPH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Enphase Energy (NASDAQ:ENPH) from a sell rating to a hold rating in a report released on Thursday.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group lowered Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday. Craig Hallum dropped their price objective on Enphase Energy from $153.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday. Northland Securities reduced their target price on shares of Enphase Energy from $150.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Bank of America raised their price target on shares of Enphase Energy from $82.00 to $84.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.26.

Enphase Energy Stock Up 3.4 %

Enphase Energy stock opened at $83.83 on Thursday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 190.52, a price-to-earnings-growth ratio of 8.07 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The stock’s fifty day moving average is $108.44 and its two-hundred day moving average is $111.72.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results 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). The business had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. The business’s revenue was down 30.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Analysts predict that Enphase Energy will post 1.18 EPS for the current fiscal year.

Institutional Trading of Enphase Energy

Several large investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC lifted its position in 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 acquiring an additional 203 shares in the last quarter. Chilton Capital Management LLC grew its holdings 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 valued at $31,000 after purchasing an additional 246 shares in the last quarter. UMB Bank n.a. grew its holdings in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new stake in Enphase Energy during the 3rd quarter worth $34,000. Finally, Quest Partners LLC lifted its holdings in Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares in 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.