Sumitomo Mitsui Trust Group Inc. Raises Stake in Enphase Energy, Inc. $ENPH

Sumitomo Mitsui Trust Group Inc. raised its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 76.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,962 shares of the semiconductor company’s stock after purchasing an additional 8,195 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Enphase Energy were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ENPH. Baillie Gifford & Co. grew its holdings in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company’s stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Enphase Energy by 827.3% during the second quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company’s stock worth $45,698,000 after buying an additional 1,028,259 shares in the last quarter. Invesco Ltd. raised its holdings in Enphase Energy by 15.5% during the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company’s stock worth $326,664,000 after purchasing an additional 706,656 shares during the last quarter. AQR Capital Management LLC boosted its position in Enphase Energy by 9,236.6% during the first quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company’s stock worth $41,483,000 after purchasing an additional 684,157 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Enphase Energy during the first quarter worth about $24,247,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on ENPH shares. Susquehanna set a $33.00 price objective on Enphase Energy in a research report on Thursday. BMO Capital Markets restated an “underperform” rating and issued a $31.00 price target on shares of Enphase Energy in a report on Wednesday. Citigroup cut their price objective on shares of Enphase Energy from $32.00 to $31.00 and set a “sell” rating on the stock in a report on Wednesday. Glj Research boosted their target price on shares of Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a report on Tuesday, September 23rd. Finally, Oppenheimer set a $67.00 target price on Enphase Energy and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and thirteen have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $44.71.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the transaction, the chief executive officer owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. This represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

Enphase Energy Stock Up 1.3%

Shares of Enphase Energy stock opened at $30.51 on Friday. Enphase Energy, Inc. has a 1-year low of $29.89 and a 1-year high of $89.95. The company has a market capitalization of $3.99 billion, a PE ratio of 21.04 and a beta of 1.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.82. The business has a 50-day moving average of $36.84 and a 200-day moving average of $39.70.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $364.64 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Enphase Energy has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal 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.