KBC Group NV Reduces Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

KBC Group NV lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,713 shares of the semiconductor company's stock after selling 24,870 shares during the quarter. KBC Group NV owned about 0.08% of Enphase Energy worth $7,055,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ENPH. Avior Wealth Management LLC increased its position in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after buying an additional 279 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Enphase Energy in the third quarter worth about $34,000. Stone House Investment Management LLC bought a new position in Enphase Energy during the third quarter valued at approximately $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the 3rd quarter worth approximately $37,000. Institutional investors own 72.12% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Janney Montgomery Scott downgraded shares of Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 target price on the stock. in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on Enphase Energy from $101.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Morgan Stanley lowered their price target on Enphase Energy from $93.00 to $74.00 and set an "equal weight" rating for the company in a research report on Friday, November 15th. Citigroup boosted their price objective on shares of Enphase Energy from $71.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $76.00 target price on shares of Enphase Energy in a report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $93.06.

Enphase Energy Stock Up 2.3 %

Shares of ENPH traded up $1.44 during trading hours on Friday, hitting $63.49. The company had a trading volume of 1,467,230 shares, compared to its average volume of 3,328,831. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $8.58 billion, a PE ratio of 144.56, a price-to-earnings-growth ratio of 7.94 and a beta of 1.68. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The company's fifty day moving average price is $69.35 and its two-hundred day moving average price is $90.38.

Enphase Energy 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.