Meiji Yasuda Asset Management Co Ltd. Has $349,000 Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,498 shares of the semiconductor company’s stock after purchasing an additional 176 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Enphase Energy were worth $349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Enphase Energy in the 2nd quarter valued at approximately $1,626,000. Lmcg Investments LLC raised its position in shares of Enphase Energy by 3.7% in the second quarter. Lmcg Investments LLC now owns 64,562 shares of the semiconductor company’s stock valued at $6,437,000 after purchasing an additional 2,276 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Enphase Energy by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 491,113 shares of the semiconductor company’s stock worth $48,990,000 after buying an additional 6,804 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of Enphase Energy by 29.1% during the 2nd quarter. Rathbones Group PLC now owns 48,575 shares of the semiconductor company’s stock worth $4,843,000 after buying an additional 10,950 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Enphase Energy by 54.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock valued at $4,438,000 after buying an additional 15,776 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 2.1 %

NASDAQ ENPH opened at $114.90 on Friday. The stock has a market capitalization of $15.63 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. Enphase Energy, Inc. has a 52 week low of $73.49 and a 52 week high of $141.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. The stock has a fifty day moving average of $112.99 and a 200-day moving average of $114.56.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was down 57.3% compared to the same quarter last year. On average, equities research analysts forecast that Enphase Energy, Inc. will post 1.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ENPH shares. JPMorgan Chase & Co. upped their price target on shares of Enphase Energy from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Craig Hallum raised their target price on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group cut their price target on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Monday, June 10th. Finally, Roth Mkm reiterated a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $128.89.

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.