Bank Pictet & Cie Europe AG Sells 9,663 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Bank Pictet & Cie Europe AG reduced its holdings in Enphase Energy by 47.5%, selling 9,663 shares and bringing its total ownership to 10,660 shares valued at approximately $423,000.
• Despite the reduction by Bank Pictet, several institutional investors, including Baillie Gifford & Co. and Invesco Ltd., have increased their holdings in Enphase Energy, indicating mixed investor sentiment.
• As of the latest trading, Enphase Energy shares are down 1.6%, with a current market capitalization of $4.77 billion and a PE ratio of 28.52.

Bank Pictet & Cie Europe AG cut its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 47.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,660 shares of the semiconductor company's stock after selling 9,663 shares during the period. Bank Pictet & Cie Europe AG's holdings in Enphase Energy were worth $423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its position in Enphase Energy by 32.0% in the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock valued at $685,799,000 after acquiring an additional 2,680,567 shares during the last quarter. Invesco Ltd. grew its position in Enphase Energy by 15.5% in the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock valued at $326,664,000 after acquiring an additional 706,656 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Enphase Energy by 827.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company's stock valued at $45,698,000 after purchasing an additional 1,028,259 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Enphase Energy by 8.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company's stock valued at $62,780,000 after purchasing an additional 74,755 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Enphase Energy by 181.9% in the 1st quarter. Handelsbanken Fonder AB now owns 747,224 shares of the semiconductor company's stock valued at $46,365,000 after purchasing an additional 482,110 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Down 1.6%

Shares of ENPH opened at $36.50 on Friday. The company has a market capitalization of $4.77 billion, a PE ratio of 28.52 and a beta of 1.52. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $116.76. The stock's 50-day moving average price is $36.17 and its two-hundred day moving average price is $43.70. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65.

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

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the transaction, the chief executive officer owned 1,620,632 shares of the company's stock, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ENPH. Jefferies Financial Group raised shares of Enphase Energy from an "underperform" rating to a "hold" rating and increased their price objective for the company from $28.00 to $36.00 in a research note on Thursday, August 21st. KeyCorp reiterated an "underweight" rating and set a $31.00 price target on shares of Enphase Energy in a report on Tuesday, June 17th. Susquehanna lowered their price target on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Mizuho reduced their price objective on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Finally, Citigroup reduced their price objective on Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a research report on Thursday, June 5th. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $55.66.

Enphase Energy 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.

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