Tokio Marine Asset Management Co. Ltd. Acquires 540 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,719 shares of the semiconductor company’s stock after purchasing an additional 540 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Enphase Energy were worth $324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quarry LP acquired a new stake in Enphase Energy in the third quarter valued at approximately $37,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ENPH has been the subject of several recent analyst reports. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. BMO Capital Markets lowered their target price on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research note on Monday, October 14th. Barclays lowered their target price on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $93.22.

Enphase Energy Stock Up 3.7 %

ENPH stock opened at $66.25 on Wednesday. The stock has a market capitalization of $8.95 billion, a P/E ratio of 150.57, a P/E/G ratio of 8.22 and a beta of 1.68. The firm has a 50-day simple moving average of $69.02 and a 200-day simple moving average of $89.11. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. Enphase Energy, Inc. has a 52 week low of $58.33 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Equities analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

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.