Banco Bilbao Vizcaya Argentaria S.A. Lowers Stock Holdings in Enphase Energy, Inc. $ENPH

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in Enphase Energy, Inc. by 51.7%, now holding 16,569 shares valued at approximately $1,008,000.
• Analysts' ratings on Enphase Energy are mixed, with price targets being cut by several firms, leading to a consensus rating of "Reduce" and a target price of $55.48.
• CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy at $30.82 each, increasing his ownership and reflecting insider confidence in the company.

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 51.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,569 shares of the semiconductor company's stock after selling 17,744 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Enphase Energy were worth $1,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC raised its position in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Enphase Energy by 15.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 586,383 shares of the semiconductor company's stock valued at $40,279,000 after buying an additional 77,149 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Enphase Energy by 0.9% during the fourth quarter. MetLife Investment Management LLC now owns 41,504 shares of the semiconductor company's stock worth $2,850,000 after buying an additional 361 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Enphase Energy by 46.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,066 shares of the semiconductor company's stock worth $1,035,000 after buying an additional 4,771 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its position in Enphase Energy by 101.2% in the 4th quarter. Dark Forest Capital Management LP now owns 7,954 shares of the semiconductor company's stock valued at $546,000 after acquiring an additional 4,000 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased 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 in the company, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Mizuho lowered their target price on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Jefferies Financial Group upgraded shares of Enphase Energy from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, July 24th. Wall Street Zen raised shares of Enphase Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Citigroup cut their price target on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. Ten investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and twelve have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $55.48.

Enphase Energy Price Performance

Shares of NASDAQ ENPH traded down $0.36 on Wednesday, hitting $37.61. The company's stock had a trading volume of 2,818,656 shares, compared to its average volume of 6,666,809. The stock has a 50 day moving average of $37.16 and a 200-day moving average of $47.45. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 29.40 and a beta of 1.59. Enphase Energy, Inc. has a 12-month low of $29.89 and a 12-month high of $126.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Enphase Energy Company 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.