AQR Capital Management LLC Buys 684,157 Shares of Enphase Energy, Inc. $ENPH

Key Points

• AQR Capital Management LLC increased its stake in Enphase Energy, Inc. by an astounding 9,236.6%, acquiring 684,157 additional shares in the first quarter, bringing its total ownership to approximately $41.48 million.
• CEO Badrinarayanan Kothandaraman purchased 5,000 shares at an average price of $30.82 each, increasing his total ownership to 1.62 million shares, valued at nearly $49.95 million.
• Despite a positive earnings report, various analysts have downgraded their price targets for Enphase Energy, with the consensus target now at $55.48.

AQR Capital Management LLC grew its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 9,236.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 691,564 shares of the semiconductor company's stock after purchasing an additional 684,157 shares during the period. AQR Capital Management LLC owned approximately 0.53% of Enphase Energy worth $41,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its stake in Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after buying an additional 238 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Enphase Energy by 2.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock worth $643,000 after purchasing an additional 255 shares during the last quarter. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 258 shares during the last quarter. Leibman Financial Services Inc. lifted its stake in Enphase Energy by 1.0% during the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock worth $1,829,000 after purchasing an additional 305 shares during the last quarter. Finally, McGowan Group Asset Management Inc. lifted its stake in shares of Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock valued at $1,145,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several analyst reports. Wall Street Zen lowered Enphase Energy from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Jefferies Financial Group raised Enphase Energy from an "underperform" rating to a "hold" rating and upped their target price for the company from $28.00 to $36.00 in a report on Thursday, August 21st. Citigroup dropped their price objective on Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Enphase Energy from $49.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $37.00 target price (down previously from $64.00) on shares of Enphase Energy in a research report on Tuesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Stock Up 1.1%

Shares of ENPH traded up $0.41 on Friday, hitting $37.73. 2,079,625 shares of the stock traded hands, compared to its average volume of 6,630,768. 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 one year low of $29.89 and a one year high of $126.19. The company has a market capitalization of $4.93 billion, a PE ratio of 29.51 and a beta of 1.52. The business has a 50 day simple moving average of $36.85 and a 200 day simple moving average of $45.37.

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

Insiders Place Their Bets

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

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.