Mitsubishi UFJ Trust & Banking Corp Buys 86,666 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 28.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 393,453 shares of the semiconductor company's stock after acquiring an additional 86,666 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.29% of Enphase Energy worth $27,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in shares of Enphase Energy during the third quarter worth about $34,000. Quarry LP acquired a new stake in Enphase Energy during the 3rd quarter worth approximately $37,000. Brooklyn Investment Group bought a new stake in Enphase Energy during the 3rd quarter worth approximately $55,000. Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 509 shares during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several analyst reports. Susquehanna reduced their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. OTR Global upgraded Enphase Energy from a "negative" rating to a "mixed" rating in a research report on Friday, December 20th. Craig Hallum lowered their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. TD Cowen cut their price objective on Enphase Energy from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Finally, The Goldman Sachs Group decreased their target price on shares of Enphase Energy from $121.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Four 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. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average target price of $90.36.

Remove Ads

Enphase Energy Price Performance

NASDAQ ENPH traded up $0.40 during trading hours on Monday, reaching $62.05. 3,116,687 shares of the stock traded hands, compared to its average volume of 3,955,227. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The stock has a 50 day simple moving average of $62.21 and a two-hundred day simple moving average of $75.12. Enphase Energy, Inc. has a 1 year low of $51.63 and a 1 year high of $141.63. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 83.85 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.62% and a net margin of 7.72%. On average, analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In other news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thurman J. Rodgers sold 100,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Enphase Energy 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.