Enphase Energy, Inc. (NASDAQ:ENPH) Stake Lessened by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,789 shares of the semiconductor company’s stock after selling 11,006 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.11% of Enphase Energy worth $25,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after buying an additional 48 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its position in Enphase Energy by 6.5% in the second quarter. ICICI Prudential Asset Management Co Ltd now owns 931 shares of the semiconductor company’s stock worth $156,000 after buying an additional 57 shares during the last quarter. Alterity Financial Group LLC increased its holdings in shares of Enphase Energy by 4.5% in the second quarter. Alterity Financial Group LLC now owns 1,390 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 60 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Enphase Energy by 0.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,042 shares of the semiconductor company’s stock valued at $4,845,000 after acquiring an additional 66 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Enphase Energy by 1.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company’s stock worth $852,000 after acquiring an additional 72 shares during the last quarter. 71.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman bought 1,118 shares of Enphase Energy stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $90.23 per share, for a total transaction of $100,877.14. Following the completion of the acquisition, the chief executive officer now owns 1,272,015 shares in the company, valued at $114,773,913.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Enphase Energy news, Director Thurman J. Rodgers bought 32,600 shares of Enphase Energy stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $122.76 per share, for a total transaction of $4,001,976.00. Following the completion of the acquisition, the director now owns 85,200 shares in the company, valued at approximately $10,459,152. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Badrinarayanan Kothandaraman acquired 1,118 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $90.23 per share, with a total value of $100,877.14. Following the completion of the transaction, the chief executive officer now directly owns 1,272,015 shares in the company, valued at approximately $114,773,913.45. The disclosure for this purchase can be found here. 4.80% of the stock is owned by insiders.

Enphase Energy Trading Up 6.1 %

Shares of NASDAQ ENPH opened at $98.50 on Tuesday. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $339.92. The company has a current ratio of 3.36, a quick ratio of 3.13 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $105.71 and a two-hundred day moving average of $139.47. The company has a market cap of $13.45 billion, a PE ratio of 24.81, a P/E/G ratio of 1.38 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $551.08 million during the quarter, compared to analyst estimates of $562.27 million. Enphase Energy had a return on equity of 63.06% and a net margin of 21.08%. As a group, equities analysts expect that Enphase Energy, Inc. will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ENPH shares. Craig Hallum decreased their price target on Enphase Energy from $190.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, October 27th. JPMorgan Chase & Co. lowered their price objective on shares of Enphase Energy from $169.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, October 19th. Barclays decreased their target price on shares of Enphase Energy from $155.00 to $140.00 and set an “equal weight” rating for the company in a research note on Monday, October 2nd. Wells Fargo & Company downgraded Enphase Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $230.00 to $171.00 in a report on Friday, July 28th. Finally, Scotiabank cut shares of Enphase Energy from a “sector outperform” rating to a “sector perform” rating and set a $140.00 price objective for the company. in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $179.79.

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 services.