Mirae Asset Global Investments Co. Ltd. Has $3.16 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,288 shares of the semiconductor company's stock after selling 11,665 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Enphase Energy were worth $3,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional purchased a new stake in shares of Enphase Energy in the first quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Enphase Energy during the fourth quarter worth about $47,000. GeoWealth Management LLC boosted its holdings in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $69,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Enphase Energy during the 1st quarter valued at approximately $74,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

ENPH traded up $1.51 during trading on Thursday, hitting $42.48. The stock had a trading volume of 7,032,143 shares, compared to its average volume of 4,950,166. The firm has a market cap of $5.57 billion, a PE ratio of 39.33 and a beta of 1.67. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 0.70. Enphase Energy, Inc. has a 12 month low of $33.01 and a 12 month high of $130.08. The company has a 50 day simple moving average of $43.15 and a 200-day simple moving average of $55.83.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several recent analyst reports. KeyCorp restated an "underweight" rating and issued a $31.00 price objective on shares of Enphase Energy in a report on Tuesday, June 17th. BMO Capital Markets restated an "underperform" rating and set a $39.00 price target (down previously from $46.00) on shares of Enphase Energy in a report on Tuesday, May 13th. DZ Bank lowered Enphase Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd. BNP Paribas cut shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada set a $28.00 target price on shares of Enphase Energy and gave the stock a "sector perform" rating in a research report on Wednesday, June 18th. Twelve analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and an average target price of $65.44.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer directly owned 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

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.