48,170 Shares in Enphase Energy, Inc. $ENPH Acquired by Algert Global LLC

Key Points

• Algert Global LLC has acquired a new stake in Enphase Energy, purchasing 48,170 shares valued at approximately $2.99 million.
• Enphase Energy's CEO, Badrinarayanan Kothandaraman, recently bought 5,000 shares at an average price of $30.82, increasing his ownership to 1.62 million shares.
• Analysts have mixed ratings on the stock, with Goldman Sachs issuing a $32.00 price target and a "sell" rating, while the company's consensus rating is "Reduce" with an average target price of $55.22.

Algert Global LLC bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 48,170 shares of the semiconductor company's stock, valued at approximately $2,989,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of Enphase Energy by 12.3% in the 1st quarter. Raymond James Financial Inc. now owns 137,044 shares of the semiconductor company's stock valued at $8,504,000 after purchasing an additional 15,060 shares during the period. Fox Run Management L.L.C. raised its holdings in shares of Enphase Energy by 49.0% in the 1st quarter. Fox Run Management L.L.C. now owns 5,053 shares of the semiconductor company's stock valued at $314,000 after purchasing an additional 1,662 shares during the period. Ground Swell Capital LLC bought a new stake in shares of Enphase Energy in the 1st quarter valued at about $442,000. S Bank Fund Management Ltd bought a new stake in shares of Enphase Energy in the 1st quarter valued at about $416,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of Enphase Energy by 86.0% in the 1st quarter. Public Sector Pension Investment Board now owns 36,196 shares of the semiconductor company's stock valued at $2,246,000 after purchasing an additional 16,733 shares during the period. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Performance

Shares of ENPH traded down $0.27 during mid-day trading on Tuesday, hitting $37.96. 7,127,260 shares of the company's stock were exchanged, compared to its average volume of 8,496,202. Enphase Energy, Inc. has a 52 week low of $29.89 and a 52 week high of $126.19. The stock's 50-day simple moving average is $37.16 and its 200-day simple moving average is $47.45. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 29.66 and a beta of 1.59. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company had revenue of $363.15 million for the quarter, compared to analysts' expectations of $359.14 million. During the same period last year, the firm earned $0.43 earnings per share. The business's revenue for the quarter was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analyst Ratings Changes

ENPH has been the topic of a number of research analyst reports. Glj Research dropped their target price on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of Enphase Energy from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada set a $28.00 price target on shares of Enphase Energy and gave the company a "sector perform" rating in a report on Wednesday, June 18th. Citigroup lowered their price target on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, June 5th. Finally, Susquehanna lowered their price target on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Ten research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and twelve have given a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of $30.82 per share, for a total transaction of $154,100.00. Following the transaction, the chief executive officer owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. The trade was a 0.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.10% of the company's stock.

About Enphase Energy

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.