Trexquant Investment LP Increases Stock Position in Enphase Energy, Inc. $ENPH

Key Points

• Trexquant Investment LP significantly increased its stake in Enphase Energy by 93.1%, acquiring a total of 664,403 shares and making it the firm's 15th largest position.
• Multiple hedge funds have adjusted their holdings in Enphase Energy, with notable increases from Baillie Gifford & Co. (32%) and GAMMA Investing LLC (over 10,000%).
• Analyst ratings for Enphase Energy are mixed, with ten analysts rating it as a Buy, fourteen giving it a Hold, and twelve classifying it as a Sell, reflecting a consensus target price of $55.48.

Trexquant Investment LP grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 93.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 664,403 shares of the semiconductor company's stock after buying an additional 320,313 shares during the period. Enphase Energy accounts for about 0.5% of Trexquant Investment LP's holdings, making the stock its 15th largest holding. Trexquant Investment LP owned about 0.51% of Enphase Energy worth $41,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in Enphase Energy by 32.0% during the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after buying an additional 2,680,567 shares during the last quarter. Invesco Ltd. lifted its holdings in Enphase Energy by 15.5% during the 1st quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock worth $326,664,000 after buying an additional 706,656 shares during the last quarter. Northern Trust Corp lifted its holdings in Enphase Energy by 40.9% during the 4th quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company's stock worth $114,614,000 after buying an additional 484,497 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in Enphase Energy by 62.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock worth $92,652,000 after buying an additional 517,989 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Enphase Energy by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company's stock worth $62,780,000 after buying an additional 74,755 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 directly owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. The trade was a 0.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup decreased their price target on Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft cut 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. Wall Street Zen upgraded Enphase Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wells Fargo & Company lifted their target price on Enphase Energy from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, BNP Paribas Exane cut Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price on the stock. in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $55.48.

Enphase Energy Stock Performance

ENPH stock traded up $0.12 during trading on Friday, hitting $37.70. The company had a trading volume of 4,029,352 shares, compared to its average volume of 8,158,576. The firm has a market cap of $4.93 billion, a PE ratio of 29.45 and a beta of 1.59. Enphase Energy, Inc. has a 1-year low of $29.89 and a 1-year high of $126.19. The firm has a 50-day moving average price of $37.24 and a 200-day moving average price of $46.94. 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 issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $363.15 million for the quarter, compared to analysts' expectations of $359.14 million. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The firm's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. On average, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

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.