Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $76.00 at Susquehanna

Enphase Energy (NASDAQ:ENPH) had its price target decreased by Susquehanna from $79.00 to $76.00 in a research report sent to investors on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the company. Evercore ISI decreased their price objective on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Piper Sandler decreased their price target on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, November 22nd. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $154.00 to $81.00 in a report on Friday, November 8th. Truist Financial reiterated a “hold” rating and set a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a research report on Thursday, January 16th. Finally, TD Cowen dropped their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $90.79.

Enphase Energy Stock Down 1.5 %

Shares of NASDAQ ENPH opened at $65.26 on Wednesday. Enphase Energy has a 12-month low of $58.33 and a 12-month high of $141.63. The firm’s 50-day simple moving average is $68.88 and its 200 day simple moving average is $88.95. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 148.32, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last announced 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 return on equity of 10.56% and a net margin of 4.91%. On average, research analysts expect that Enphase Energy will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ENPH. Baillie Gifford & Co. boosted its position in Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after acquiring an additional 2,028,691 shares during the last quarter. Swedbank AB grew its position in Enphase Energy by 0.3% in the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after purchasing an additional 11,890 shares in the last quarter. Geode Capital Management LLC increased its stake in Enphase Energy by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock valued at $381,030,000 after buying an additional 20,579 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Enphase Energy by 6.5% during the 3rd 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 worth $265,609,000 after buying an additional 142,491 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. 72.12% of the stock is 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.