Analysts Set Enphase Energy, Inc. (NASDAQ:ENPH) Target Price at $128.89

Enphase Energy, Inc. (NASDAQ:ENPH) has been assigned an average recommendation of “Hold” from the thirty-one research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $128.89.

Several equities analysts recently commented on the company. Craig Hallum boosted their price target on Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. William Blair initiated coverage on shares of Enphase Energy in a research note on Thursday, August 29th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley upped their price objective on shares of Enphase Energy from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 price target (up previously from $111.00) on shares of Enphase Energy in a research note on Wednesday, September 4th.

Enphase Energy Price Performance

ENPH opened at $109.91 on Wednesday. The company has a 50 day moving average of $112.24 and a two-hundred day moving average of $114.83. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $141.63. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. The company has a market cap of $14.88 billion, a P/E ratio of 57.24, a P/E/G ratio of 5.84 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, analysts expect that Enphase Energy will post 1.19 earnings per share for the current year.

Institutional Trading of Enphase Energy

Large investors have recently modified their holdings of the company. Manchester Capital Management LLC increased its position in Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 203 shares during the period. Chilton Capital Management LLC raised its stake in shares of Enphase Energy by 2,733.3% during the first 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. YHB Investment Advisors Inc. acquired a new stake in Enphase Energy in the first quarter worth about $35,000. TFO Wealth Partners LLC grew its position in Enphase Energy by 6,720.0% in the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 336 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Enphase Energy by 50.9% during the 1st quarter. Lindbrook Capital LLC now owns 427 shares of the semiconductor company’s stock worth $52,000 after buying an additional 144 shares in the last quarter. 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.