ING Groep NV Increases Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

ING Groep NV raised its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 92.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,256 shares of the semiconductor company's stock after buying an additional 8,311 shares during the period. ING Groep NV's holdings in Enphase Energy were worth $1,185,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ENPH. Creative Financial Designs Inc. ADV boosted its stake in shares of Enphase Energy by 19.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 125 shares during the last quarter. Empirical Finance LLC boosted its stake in Enphase Energy by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company's stock worth $415,000 after purchasing an additional 137 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Enphase Energy by 5.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 153 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Enphase Energy by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company's stock worth $123,000 after buying an additional 174 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Enphase Energy by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company's stock valued at $6,206,000 after buying an additional 190 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Down 4.0 %

Shares of NASDAQ ENPH traded down $2.52 during mid-day trading on Thursday, hitting $61.19. The company had a trading volume of 4,366,433 shares, compared to its average volume of 3,871,455. The company has a market capitalization of $8.11 billion, a PE ratio of 82.69 and a beta of 1.68. The business's 50-day simple moving average is $66.32 and its 200 day simple moving average is $84.22. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. TD Cowen cut their price target on Enphase Energy from $120.00 to $100.00 and set a "buy" rating for the company in a report on Monday, January 27th. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Susquehanna dropped their target price on Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reduced their price target on Enphase Energy from $121.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $90.42.

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.