ING Groep NV Has $1.19 Million Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

ING Groep NV grew its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 92.9% in the fourth quarter, HoldingsChannel reports. The fund owned 17,256 shares of the semiconductor company’s stock after buying an additional 8,311 shares during the period. ING Groep NV’s holdings in Enphase Energy were worth $1,185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in Enphase Energy by 32.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after acquiring an additional 2,028,691 shares during the last quarter. Swedbank AB increased its stake in shares of Enphase Energy by 0.3% in the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock valued at $391,442,000 after acquiring an additional 11,890 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Enphase Energy by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,382,316 shares of the semiconductor company’s stock worth $381,030,000 after purchasing an additional 20,579 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Enphase Energy by 6.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock valued at $265,609,000 after buying an additional 142,491 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ENPH. Glj Research reaffirmed a “sell” rating and set a $50.69 price target on shares of Enphase Energy in a research report on Tuesday, February 4th. OTR Global raised shares of Enphase Energy from a “negative” rating to a “mixed” rating in a report on Friday, December 20th. The Goldman Sachs Group decreased their target price on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Barclays reduced their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Northland Securities dropped their target price on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $90.42.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH opened at $64.85 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The firm has a market capitalization of $8.59 billion, a PE ratio of 87.64 and a beta of 1.68. The business has a 50-day moving average of $66.71 and a two-hundred day moving average of $84.97.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, research analysts forecast 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.