Robeco Institutional Asset Management B.V. Has $1.13 Million Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Robeco Institutional Asset Management B.V. trimmed its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 44.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,005 shares of the semiconductor company's stock after selling 8,010 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Enphase Energy were worth $1,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ENPH. UMB Bank n.a. grew its holdings in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Enphase Energy in the third quarter worth $34,000. Quest Partners LLC increased its holdings in shares of Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 461 shares during the period. Blue Trust Inc. raised its stake in shares of Enphase Energy by 109.1% during the third quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 228 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Enphase Energy by 1,727.6% during the second quarter. Mather Group LLC. now owns 530 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy Stock Down 4.8 %

Shares of NASDAQ ENPH traded down $3.24 during mid-day trading on Monday, reaching $63.66. The company had a trading volume of 9,254,786 shares, compared to its average volume of 3,968,215. The stock has a market capitalization of $8.60 billion, a PE ratio of 152.05, a price-to-earnings-growth ratio of 7.51 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy, Inc. has a twelve month low of $62.50 and a twelve month high of $141.63. The stock's 50 day moving average is $100.48 and its 200-day moving average is $109.46.

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

Analyst Ratings Changes

Several research firms have commented on ENPH. Hsbc Global Res cut shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday. Susquehanna lowered their price objective on shares of Enphase Energy from $104.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, October 24th. Canaccord Genuity Group reissued a "hold" rating and set a $95.00 target price (down previously from $140.00) on shares of Enphase Energy in a report on Wednesday, October 23rd. Northland Securities decreased their price target on Enphase Energy from $150.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Raymond James dropped their price objective on Enphase Energy from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $104.03.

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.