Baird Financial Group Inc. Has $6.16 Million Stock Position in Enphase Energy, Inc. $ENPH

Key Points

• Baird Financial Group Inc. reduced its position in Enphase Energy by 18.8%, leaving it with 99,274 shares valued at $6.16 million.
• Institutional investors now own approximately 72.12% of Enphase Energy stock, with multiple hedge funds increasing their stakes significantly during the last quarter.
• Enphase Energy reported a quarterly earnings per share of $0.69, exceeding expectations of $0.62 and reflecting a 19.7% revenue increase from the previous year.

Baird Financial Group Inc. reduced its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 18.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,274 shares of the semiconductor company's stock after selling 23,015 shares during the quarter. Baird Financial Group Inc. owned approximately 0.08% of Enphase Energy worth $6,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENPH. Mercer Global Advisors Inc. ADV boosted its stake in shares of Enphase Energy by 154.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,676 shares of the semiconductor company's stock worth $871,000 after acquiring an additional 7,696 shares during the period. AXA S.A. boosted its stake in shares of Enphase Energy by 181.0% during the 4th quarter. AXA S.A. now owns 11,385 shares of the semiconductor company's stock worth $782,000 after acquiring an additional 7,334 shares during the period. Aptus Capital Advisors LLC bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $213,000. Bridgefront Capital LLC bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $216,000. Finally, CoreCommodity Management LLC boosted its stake in shares of Enphase Energy by 97.2% during the 4th quarter. CoreCommodity Management LLC now owns 7,550 shares of the semiconductor company's stock worth $519,000 after acquiring an additional 3,722 shares during the period. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. KeyCorp reiterated an "underweight" rating and set a $31.00 target price on shares of Enphase Energy in a research note on Tuesday, June 17th. Wells Fargo & Company boosted their price target on Enphase Energy from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group restated a "sell" rating and issued a $32.00 price target (down from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. Wall Street Zen upgraded Enphase Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, BNP Paribas Exane downgraded Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price target for the company. in a research note on Tuesday, May 13th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and twelve have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $37.08 on Thursday. The stock has a fifty day moving average price of $37.26 and a 200-day moving average price of $46.51. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 28.97 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 $126.19.

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

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average cost 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 in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

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