KBC Group NV Raises Stock Holdings in Enphase Energy, Inc. $ENPH

KBC Group NV grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 47.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,535 shares of the semiconductor company’s stock after buying an additional 24,668 shares during the period. KBC Group NV owned 0.06% of Enphase Energy worth $2,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 514 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in shares of Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 350 shares in the last quarter. Ascentis Independent Advisors bought a new position in Enphase Energy in the 1st quarter worth $33,000. Activest Wealth Management increased its stake in Enphase Energy by 52,000.0% in the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,040 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Enphase Energy in the 3rd quarter worth $39,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENPH. Sanford C. Bernstein started coverage on Enphase Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $56.00 target price on the stock. Barclays raised shares of Enphase Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $51.00 in a report on Thursday, June 18th. Morgan Stanley set a $27.00 price target on shares of Enphase Energy in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, UBS Group set a $85.00 price target on Enphase Energy in a report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.90.

Insider Buying and Selling

In other news, Director Shanker Trivedi acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were acquired at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $53,910. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the purchase, the chief executive officer owned 1,645,632 shares of the company’s stock, valued at approximately $111,080,160. This trade represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.90% of the stock is owned by corporate insiders.

Enphase Energy Stock Down 5.6%

Shares of NASDAQ:ENPH opened at $36.70 on Friday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 36.34 and a beta of 1.62. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $73.74. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $51.45 and a 200 day moving average price of $43.70.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $282.27 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, equities research analysts predict that Enphase Energy, Inc. will post 0.82 earnings per share for the current year.

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.