KBC Group NV Lowers Position in Enphase Energy, Inc. (NASDAQ:ENPH)

KBC Group NV trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 19.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 102,713 shares of the semiconductor company’s stock after selling 24,870 shares during the period. KBC Group NV’s holdings in Enphase Energy were worth $7,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Public Sector Pension Investment Board increased its holdings in shares of Enphase Energy by 68.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,221 shares of the semiconductor company’s stock worth $521,000 after buying an additional 2,129 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Enphase Energy by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 107,512 shares of the semiconductor company’s stock valued at $10,725,000 after acquiring an additional 6,003 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Enphase Energy by 16.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 4,620 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 646 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Enphase Energy in the 2nd quarter worth about $2,780,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Enphase Energy by 58.6% in the 2nd quarter. Clearbridge Investments LLC now owns 165,529 shares of the semiconductor company’s stock worth $16,505,000 after purchasing an additional 61,178 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ENPH. Canaccord Genuity Group downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Enphase Energy in a research note on Tuesday, November 19th. Oppenheimer decreased their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Friday, November 8th. Finally, Roth Mkm decreased their price objective on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $93.43.

Enphase Energy Price Performance

Shares of ENPH stock opened at $62.05 on Friday. The business’s fifty day moving average is $69.35 and its 200 day moving average is $90.38. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 141.02, a PEG ratio of 7.79 and a beta of 1.68. Enphase Energy, Inc. has a twelve month low of $58.33 and a twelve month high of $141.63.

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.