Enphase Energy, Inc. $ENPH Position Lessened by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its stake in Enphase Energy by 21.5%, now holding 39,181 shares valued at approximately $2.43 million.
• Several institutional investors have increased their holdings in Enphase Energy, with Baillie Gifford & Co. raising its stake by 32%, now owning over 11 million shares worth about $685 million.
• Analyst ratings for Enphase Energy show a mix of opinions, with average target prices ranging from $30 to $55.48 and ten analysts recommending a "Buy" while twelve suggest a "Sell".

Rafferty Asset Management LLC trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,181 shares of the semiconductor company's stock after selling 10,758 shares during the period. Rafferty Asset Management LLC's holdings in Enphase Energy were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ENPH. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after acquiring an additional 2,680,567 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Enphase Energy by 15.5% during the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock worth $326,664,000 after acquiring an additional 706,656 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Enphase Energy by 531.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after acquiring an additional 678,163 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Enphase Energy by 62.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock worth $92,652,000 after acquiring an additional 517,989 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Enphase Energy by 10,270.1% during the first quarter. GAMMA Investing LLC now owns 512,285 shares of the semiconductor company's stock worth $31,787,000 after acquiring an additional 507,345 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm'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 purchase, the chief executive officer directly owned 1,620,632 shares in the company, valued at $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 accessible through this link. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on ENPH shares. Wells Fargo & Company increased their price objective on Enphase Energy from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. TD Cowen lowered their target price on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $37.00 target price (down from $64.00) on shares of Enphase Energy in a research report on Tuesday, July 15th. Mizuho lowered their target price on shares of 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, Bank of America lowered their target price on shares of Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $55.48.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $37.70 on Friday. The business has a 50 day moving average price of $37.24 and a 200 day moving average price of $46.94. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve month high of $126.19. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 29.45 and a beta of 1.59. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The firm had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm'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. Research analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share 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.

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