OMERS ADMINISTRATION Corp Sells 9,600 Shares of Enphase Energy, Inc. $ENPH

Key Points

• OMERS ADMINISTRATION Corp has significantly reduced its stake in Enphase Energy by 55.9%, now holding 7,585 shares valued at approximately $471,000 as per their latest SEC filing.
• Institutional investors own 72.12% of Enphase Energy's stock, with various firms such as Mercer Global Advisors Inc. ADV and AXA S.A. increasing their holdings in the last quarter.
• Analyst ratings for Enphase Energy show a consensus of ten Buy ratings, thirteen Hold ratings, and twelve Sell ratings, with a target price fluctuating between $19.80 and $86.00.

OMERS ADMINISTRATION Corp lowered its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 55.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,585 shares of the semiconductor company's stock after selling 9,600 shares during the period. OMERS ADMINISTRATION Corp's holdings in Enphase Energy were worth $471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional purchased a new stake in shares of Enphase Energy in the first quarter valued at about $29,000. First Horizon Advisors Inc. increased its holdings 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 buying an additional 258 shares during the last quarter. SVB Wealth LLC purchased a new stake in Enphase Energy during the first quarter worth about $38,000. Brooklyn Investment Group increased its holdings in Enphase Energy by 124.7% during the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock worth $41,000 after buying an additional 368 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Enphase Energy during the first quarter worth about $73,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Trading Down 3.3%

Shares of NASDAQ ENPH traded down $1.30 during mid-day trading on Monday, hitting $38.35. The stock had a trading volume of 2,003,849 shares, compared to its average volume of 6,615,253. 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 1 year low of $29.89 and a 1 year high of $126.19. The business has a 50 day moving average price of $37.10 and a two-hundred day moving average price of $45.86. The firm has a market cap of $5.01 billion, a P/E ratio of 30.00 and a beta of 1.52.

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

Wall Street Analyst Weigh In

ENPH has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $37.00 target price (down previously from $64.00) on shares of Enphase Energy in a research note on Tuesday, July 15th. Johnson Rice lowered shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price objective for the company. in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Enphase Energy from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets reiterated an "underperform" rating and set a $39.00 target price (down from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group upgraded shares of Enphase Energy from an "underperform" rating to a "hold" rating and lifted their target price for the company from $28.00 to $36.00 in a research report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost 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 in the company, valued at $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company's stock.

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.