Assenagon Asset Management S.A. Boosts Stock Position in Enphase Energy, Inc. $ENPH

Key Points

• Assenagon Asset Management S.A. increased its stake in Enphase Energy by 827.3% in Q2, owning approximately 1.15 million shares valued at around $45.7 million.
• Enphase Energy reported $0.69 earnings per share for its most recent quarter, surpassing estimates by $0.07 and marking a 19.7% year-over-year revenue growth.
• Various institutional investors are actively adjusting their positions in Enphase Energy, with 72.12% of the company's stock now owned by such investors, indicating strong institutional interest.

Assenagon Asset Management S.A. grew its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 827.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,152,546 shares of the semiconductor company's stock after buying an additional 1,028,259 shares during the period. Assenagon Asset Management S.A. owned 0.88% of Enphase Energy worth $45,698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ENPH. CX Institutional acquired a new stake in shares of Enphase Energy in the 1st quarter valued at about $29,000. First Horizon Advisors Inc. raised its stake in Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 258 shares during the period. SVB Wealth LLC acquired a new stake in Enphase Energy during the first quarter worth about $38,000. Brooklyn Investment Group increased its stake in shares of Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 368 shares during the period. Finally, Quarry LP acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the transaction, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Stock Performance

Shares of ENPH stock traded down $2.37 on Tuesday, hitting $38.13. The company's stock had a trading volume of 4,467,466 shares, compared to its average volume of 6,870,694. The company has a market capitalization of $4.99 billion, a PE ratio of 29.84 and a beta of 1.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $118.13. The stock's 50 day moving average is $36.35 and its 200-day moving average is $44.14.

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, topping analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The firm had revenue of $363.15 million during the quarter, compared to analysts' expectations of $359.14 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The business's revenue for the quarter was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ENPH has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $28.00 price objective on shares of Enphase Energy and gave the stock a "sector perform" rating in a research note on Wednesday, June 18th. Mizuho cut their target price on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. The Goldman Sachs Group restated a "sell" rating and set a $32.00 price target (down previously from $77.00) on shares of Enphase Energy in a report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $55.66.

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.