Mirae Asset Global Investments Co. Ltd. Sells 36,907 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,953 shares of the semiconductor company's stock after selling 36,907 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Enphase Energy were worth $4,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Enphase Energy during the third quarter worth $34,000. Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the third quarter worth $34,000. Finally, Quarry LP purchased a new stake in shares of Enphase Energy during the third quarter worth $37,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

NASDAQ ENPH traded down $1.46 during trading on Wednesday, reaching $61.12. 4,504,348 shares of the company traded hands, compared to its average volume of 3,936,882. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.88 and a current ratio of 3.53. The stock's 50 day moving average price is $68.15 and its two-hundred day moving average price is $87.41. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 82.60, a P/E/G ratio of 8.78 and a beta of 1.68. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.12 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. OTR Global upgraded Enphase Energy from a "negative" rating to a "mixed" rating in a report on Friday, December 20th. Janney Montgomery Scott lowered 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. Royal Bank of Canada cut their target price on Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group lowered Enphase Energy from a "hold" rating to an "underperform" rating and cut their target price for the company from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets cut their target price on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Three 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's stock. According to MarketBeat, the stock presently 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.