KBC Group NV Has $14.42 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

KBC Group NV increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,583 shares of the semiconductor company's stock after purchasing an additional 11,578 shares during the period. KBC Group NV owned approximately 0.09% of Enphase Energy worth $14,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Benjamin Edwards Inc. lifted its stake in Enphase Energy by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company's stock valued at $335,000 after buying an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Enphase Energy by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company's stock valued at $1,165,000 after acquiring an additional 100 shares in the last quarter. Green Alpha Advisors LLC boosted its stake in Enphase Energy by 1.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company's stock worth $808,000 after purchasing an additional 102 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Enphase Energy by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company's stock worth $557,000 after purchasing an additional 106 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of Enphase Energy by 10.2% in the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company's stock valued at $128,000 after purchasing an additional 118 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $59.52 on Friday. The business has a fifty day moving average price of $95.27 and a two-hundred day moving average price of $107.76. The stock has a market capitalization of $8.04 billion, a PE ratio of 135.27, a P/E/G ratio of 6.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a fifty-two week low of $59.12 and a fifty-two week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). The company had revenue of $380.90 million during the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The firm's revenue for the quarter was down 30.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. As a group, equities analysts predict that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ENPH shares. Craig Hallum dropped their target price on Enphase Energy from $153.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to a "neutral" rating and set a $88.00 price objective on the stock. in a report on Friday, November 8th. Oppenheimer reduced their target price on shares of Enphase Energy from $134.00 to $101.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lowered their price target on shares of Enphase Energy from $93.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Bank of America reduced their price objective on shares of Enphase Energy from $72.00 to $62.00 and set an "underperform" rating for the company in a research note on Thursday, November 7th. 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 stock has a consensus rating of "Hold" and a consensus target price of $102.76.

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.