KBC Group NV Sells 47,791 Shares of Enphase Energy, Inc. $ENPH

KBC Group NV trimmed its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 50.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,506 shares of the semiconductor company’s stock after selling 47,791 shares during the quarter. KBC Group NV’s holdings in Enphase Energy were worth $1,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ENPH. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Enphase Energy by 2.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 255 shares in the last quarter. Empirical Finance LLC lifted its holdings in Enphase Energy by 9.1% in the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 332 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Enphase Energy by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 368 shares during the last quarter. QRG Capital Management Inc. boosted its position in Enphase Energy by 4.5% during the second quarter. QRG Capital Management Inc. now owns 8,616 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 369 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Enphase Energy by 43.5% during the first quarter. Harbour Investments Inc. now owns 1,280 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 388 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ENPH. Barclays boosted their price objective on shares of Enphase Energy from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 8th. Bank of America cut their target price on shares of Enphase Energy from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Wednesday, July 23rd. Loop Capital set a $31.00 price target on Enphase Energy in a research report on Thursday, October 30th. Evercore ISI set a $33.00 price objective on Enphase Energy in a research note on Wednesday, October 29th. Finally, Morgan Stanley decreased their target price on Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and thirteen have issued a Sell rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Reduce” and a consensus target price of $41.76.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $30.69 per share, for a total transaction of $153,450.00. Following the completion of the transaction, the chief executive officer owned 1,635,632 shares in the company, valued at approximately $50,197,546.08. This trade represents a 0.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $28.68 on Monday. The firm’s 50-day moving average is $35.38 and its 200-day moving average is $38.23. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 19.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.04. Enphase Energy, Inc. has a 52-week low of $28.14 and a 52-week high of $78.26.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.30. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The business had revenue of $410.43 million for the quarter, compared to the consensus estimate of $364.64 million. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Enphase Energy has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Enphase Energy Company 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.