Envestnet Asset Management Inc. Sells 18,710 Shares of Enphase Energy, Inc. $ENPH

Envestnet Asset Management Inc. lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 78.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,144 shares of the semiconductor company’s stock after selling 18,710 shares during the period. Envestnet Asset Management Inc.’s holdings in Enphase Energy were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Enphase Energy during the first quarter worth about $38,000. 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 buying an additional 368 shares during the period. CX Institutional lifted its holdings in Enphase Energy by 135.4% in the 2nd quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock worth $43,000 after buying an additional 623 shares during the period. Harbour Investments Inc. grew its position in shares of Enphase Energy by 34.8% in the 2nd quarter. Harbour Investments Inc. now owns 1,725 shares of the semiconductor company’s stock worth $68,000 after buying an additional 445 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Enphase Energy in the 1st quarter worth approximately $70,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 4.2%

Shares of Enphase Energy stock opened at $28.98 on Friday. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $78.26. 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 company has a 50-day moving average of $33.24 and a 200 day moving average of $37.04. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 19.98 and a beta of 1.63.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENPH. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Evercore ISI set a $33.00 price objective on shares of Enphase Energy in a report on Wednesday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 target price on shares of Enphase Energy in a research report on Monday, September 29th. Wall Street Zen lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, BMO Capital Markets reiterated an “underperform” rating and set a $31.00 price target on shares of Enphase Energy in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have assigned a Sell rating to the company’s stock. According to MarketBeat, Enphase Energy has an average rating of “Reduce” and an average price target of $39.90.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman acquired 10,000 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $30.93 per share, for a total transaction of $309,300.00. Following the completion of the purchase, the chief executive officer owned 1,630,632 shares of the company’s stock, valued at $50,435,447.76. This represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.