Enphase Energy, Inc. (NASDAQ:ENPH) Shares Purchased by Korea Investment CORP

Korea Investment CORP grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 45.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,758 shares of the semiconductor company’s stock after purchasing an additional 28,742 shares during the period. Korea Investment CORP’s holdings in Enphase Energy were worth $6,302,000 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. Quarry LP purchased a new stake in Enphase Energy during the third quarter worth about $37,000. Venturi Wealth Management LLC lifted its position in shares of Enphase Energy by 318.1% during 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. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Enphase Energy in the 4th quarter worth approximately $96,000. Finally, Rakuten Securities Inc. increased its stake in Enphase Energy by 116.4% in the 4th quarter. Rakuten Securities Inc. now owns 1,435 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 772 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ENPH. Redburn Atlantic assumed coverage on Enphase Energy in a research report on Monday, March 3rd. They set a “neutral” rating on the stock. Craig Hallum lowered their price objective on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Glj Research reaffirmed a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday, February 4th. Finally, OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.36.

Insider Transactions at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now directly owns 1,881,760 shares of the company’s stock, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Enphase Energy Trading Up 0.6 %

NASDAQ ENPH opened at $62.05 on Tuesday. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 83.85 and a beta of 2.12. 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 one year low of $51.63 and a one year high of $141.63. The company’s 50 day moving average price is $62.21 and its 200 day moving average price is $75.12.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.