Enphase Energy (NASDAQ:ENPH) Trading 5.2% Higher – Still a Buy?

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) were up 5.2% during trading on Monday . The stock traded as high as $65.10 and last traded at $65.50. Approximately 1,819,040 shares changed hands during trading, a decline of 46% from the average daily volume of 3,346,269 shares. The stock had previously closed at $62.28.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ENPH. Roth Mkm lowered their price target on shares of Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. BNP Paribas lowered Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Friday, November 8th. Wells Fargo & Company lowered their price objective on Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Janney Montgomery Scott cut shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Finally, Craig Hallum dropped their price objective on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.79.

Enphase Energy Stock Down 1.5 %

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 fifty day simple moving average of $69.02 and a 200-day simple moving average of $89.11. The firm has a market cap of $8.82 billion, a P/E 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 quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. On average, equities analysts anticipate that Enphase Energy, Inc. will post 0.92 earnings per share for the current year.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. grew its holdings in Enphase Energy by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 118 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in Enphase Energy by 19.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 125 shares during the last quarter. Empirical Finance LLC raised its stake in Enphase Energy by 3.9% during the third quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 137 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Enphase Energy by 5.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 153 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Enphase Energy by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock worth $123,000 after buying an additional 174 shares in the last quarter. 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.