Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,083 shares of the semiconductor company’s stock after acquiring an additional 5,350 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Enphase Energy were worth $4,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. Baillie Gifford & Co. grew its stake in shares of Enphase Energy by 32.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares in the last quarter. Invesco Ltd. grew its stake in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company’s stock worth $313,034,000 after purchasing an additional 1,378,978 shares in the last quarter. Norges Bank bought a new position in shares of Enphase Energy in the fourth quarter worth $46,339,000. Alyeska Investment Group L.P. grew its stake in shares of Enphase Energy by 62.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company’s stock worth $92,652,000 after purchasing an additional 517,989 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Enphase Energy by 40.9% in the fourth quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company’s stock worth $114,614,000 after purchasing an additional 484,497 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at $115,276,617.60. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer now directly owns 1,598,696 shares in the company, valued at $74,099,559.60. This represents a 0.25% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ENPH has been the subject of several recent analyst reports. Glj Research decreased their price target on Enphase Energy from $50.69 to $31.11 and set a “sell” rating for the company in a research note on Friday, April 25th. Barclays cut Enphase Energy from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $51.00 to $40.00 in a research note on Tuesday, May 13th. Jefferies Financial Group decreased their target price on Enphase Energy from $44.00 to $37.00 and set an “underperform” rating for the company in a research note on Wednesday, April 23rd. BNP Paribas Exane lowered Enphase Energy from a “neutral” rating to an “underperform” rating and set a $40.00 price target for the company. in a research report on Tuesday, May 13th. Finally, Citigroup reiterated a “sell” rating and issued a $47.00 price target on shares of Enphase Energy in a research report on Thursday, April 17th. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average target price of $68.87.

Enphase Energy Stock Down 3.2%

Shares of ENPH stock opened at $48.78 on Tuesday. The stock’s 50 day simple moving average is $53.21 and its 200 day simple moving average is $62.17. 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, Inc. has a twelve month low of $43.09 and a twelve month high of $141.63. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 65.92 and a beta of 1.80.

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.