Enphase Energy, Inc. $ENPH Stock Position Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 49.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,450 shares of the semiconductor company’s stock after selling 169,366 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Enphase Energy were worth $6,138,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 514 shares during the period. Salomon & Ludwin LLC grew its stake in Enphase Energy by 761.0% in the third quarter. Salomon & Ludwin LLC now owns 861 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 761 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Enphase Energy by 199.7% in the third quarter. Geneos Wealth Management Inc. now owns 920 shares of the semiconductor company’s stock worth $33,000 after buying an additional 613 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Enphase Energy during the 3rd quarter worth $44,000. Finally, Manchester Capital Management LLC increased its position in Enphase Energy by 24,040.0% during the second quarter. Manchester Capital Management LLC now owns 1,207 shares of the semiconductor company’s stock worth $48,000 after buying an additional 1,202 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ENPH shares. Barclays upped their target price on Enphase Energy from $33.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. Raymond James Financial initiated coverage on shares of Enphase Energy in a research report on Monday, January 12th. They set a “market perform” rating on the stock. The Goldman Sachs Group upgraded Enphase Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $29.00 to $45.00 in a research note on Tuesday, January 20th. Oppenheimer set a $67.00 price objective on shares of Enphase Energy and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets restated an “underperform” rating and set a $31.00 target price on shares of Enphase Energy in a research report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $41.13.

Insider Buying and Selling at Enphase Energy

In related news, EVP Mandy Yang sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $33.01, for a total transaction of $198,060.00. Following the completion of the transaction, the executive vice president owned 68,987 shares in the company, valued at approximately $2,277,260.87. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $30.69 per share, with a total value of $153,450.00. Following the acquisition, the chief executive officer directly owned 1,635,632 shares in the company, valued at $50,197,546.08. This trade represents a 0.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.10% of the company’s stock.

Enphase Energy Stock Performance

Shares of Enphase Energy stock opened at $38.25 on Friday. The firm has a 50 day simple moving average of $33.23 and a 200 day simple moving average of $34.56. The firm has a market cap of $5.01 billion, a P/E ratio of 26.38 and a beta of 1.35. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $70.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.88.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.30. The business had revenue of $410.43 million for the quarter, compared to analyst estimates of $364.64 million. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Enphase Energy Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.