Mitsubishi UFJ Asset Management Co. Ltd. Has $15.59 Million Stake in Enphase Energy, Inc. (NASDAQ:ENPH)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,132 shares of the semiconductor company's stock after acquiring an additional 19,743 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Enphase Energy worth $15,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. Korea Investment CORP grew its position in Enphase Energy by 45.6% during the fourth quarter. Korea Investment CORP now owns 91,758 shares of the semiconductor company's stock worth $6,302,000 after buying an additional 28,742 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Enphase Energy in the 4th quarter worth approximately $96,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Enphase Energy by 28.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 393,453 shares of the semiconductor company's stock worth $27,022,000 after purchasing an additional 86,666 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $270,000. Finally, Vanguard Group Inc. raised its stake in shares of Enphase Energy by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company's stock valued at $1,135,707,000 after purchasing an additional 44,782 shares in the last quarter. Institutional investors own 72.12% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENPH. JPMorgan Chase & Co. lowered their price target on shares of Enphase Energy from $112.00 to $91.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lowered their target price on shares of Enphase Energy from $77.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group cut their price target on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Oppenheimer raised their target price on Enphase Energy from $101.00 to $103.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price target on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and a consensus target price of $89.79.

Insider Transactions at Enphase Energy

In other news, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the transaction, the director now owns 1,881,760 shares of the company's stock, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Enphase Energy Trading Down 6.0 %

NASDAQ ENPH traded down $3.75 on Thursday, reaching $58.77. The company had a trading volume of 4,309,811 shares, compared to its average volume of 3,958,867. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 79.42 and a beta of 2.12. The stock's 50 day moving average is $62.23 and its 200-day moving average is $74.70.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. Equities analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.