Algert Global LLC Takes $2.99 Million Position in Enphase Energy, Inc. $ENPH

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 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,170 shares of the semiconductor company's stock, valued at approximately $2,989,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in shares of Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after acquiring an additional 238 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock valued at $643,000 after acquiring an additional 255 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 258 shares during the period. Leibman Financial Services Inc. raised its stake in shares of Enphase Energy by 1.0% in the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock valued at $1,829,000 after acquiring an additional 305 shares during the period. Finally, McGowan Group Asset Management Inc. increased its stake in Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock worth $1,145,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the acquisition, the chief executive officer owned 1,620,632 shares of the company's stock, valued at approximately $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 this hyperlink. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $32.00 price target (down previously from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. Mizuho reduced their price target on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, May 13th. Glj Research reduced their price target on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Finally, KeyCorp reaffirmed an "underweight" rating and issued a $31.00 price target on shares of Enphase Energy in a research note on Tuesday, June 17th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $55.22.

Enphase Energy Trading Down 1.5%

NASDAQ ENPH opened at $35.68 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 27.88 and a beta of 1.59. The company's 50-day simple moving average is $37.60 and its two-hundred day simple moving average is $48.34. Enphase Energy, Inc. has a one year low of $29.89 and a one year high of $130.08.

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

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.

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