KBC Group NV Sells 24,870 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

KBC Group NV reduced its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,713 shares of the semiconductor company’s stock after selling 24,870 shares during the quarter. KBC Group NV owned approximately 0.08% of Enphase Energy worth $7,055,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in Enphase Energy during the fourth quarter worth approximately $824,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Enphase Energy by 178.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,867 shares of the semiconductor company’s stock worth $266,000 after buying an additional 2,478 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Enphase Energy by 50.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,150 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 1,394 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Enphase Energy by 2.0% during the 4th quarter. Inspire Investing LLC now owns 15,988 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 318 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 762 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 1.9 %

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ENPH shares. BMO Capital Markets dropped their price objective on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Piper Sandler dropped their price target on Enphase Energy from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. BNP Paribas cut Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research note on Friday, November 8th. Janney Montgomery Scott lowered Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 23rd. Finally, Morgan Stanley reduced their price target on shares of 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. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.43.

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.