Asset Management One Co. Ltd. Has $4.71 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Asset Management One Co. Ltd. grew its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,310 shares of the semiconductor company's stock after buying an additional 10,398 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Enphase Energy were worth $4,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 279 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at about $34,000. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy in the third quarter valued at about $34,000. Quarry LP acquired a new position in shares of Enphase Energy during the third quarter worth about $37,000. Finally, Blue Trust Inc. grew its holdings in shares of Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock worth $49,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy Stock Performance

NASDAQ:ENPH traded down $1.32 during mid-day trading on Friday, hitting $64.85. 3,194,218 shares of the stock were exchanged, compared to its average volume of 3,856,543. The firm's 50-day simple moving average is $66.89 and its 200 day simple moving average is $85.48. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 87.64 and a beta of 1.68. Enphase Energy, Inc. has a fifty-two week low of $58.33 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the topic of several research reports. The Goldman Sachs Group cut their target price on Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Royal Bank of Canada cut their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating on the stock in a research report on Friday, November 22nd. Truist Financial restated a "hold" rating and set a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. BMO Capital Markets lowered their price target on shares of Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Enphase Energy from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.42.

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.