Korea Investment CORP Reduces Position in Enphase Energy, Inc. $ENPH

Key Points

• Korea Investment CORP reduced its stake in Enphase Energy by 93.3%, selling 85,570 shares, leaving it with 6,188 shares valued at $384,000.
• Analyst ratings for Enphase Energy show a mixed outlook, with a consensus rating of "Reduce" and an average price target of $55.48.
• CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy at $30.82 each, increasing his total ownership to 1.62 million shares.

Korea Investment CORP reduced its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 93.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,188 shares of the semiconductor company's stock after selling 85,570 shares during the quarter. Korea Investment CORP's holdings in Enphase Energy were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENPH. CX Institutional acquired a new stake in shares of Enphase Energy in the 1st quarter worth $29,000. First Horizon Advisors Inc. increased its position in shares of Enphase Energy by 83.0% during the 1st 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. Brooklyn Investment Group increased its position in shares of Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 368 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 321 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Enphase Energy during the 1st quarter worth about $73,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the purchase, the chief executive officer directly owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. This represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Stock Up 0.1%

Enphase Energy stock traded up $0.03 during midday trading on Thursday, reaching $37.59. The company's stock had a trading volume of 2,723,613 shares, compared to its average volume of 6,653,476. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $126.19. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $4.91 billion, a P/E ratio of 29.36 and a beta of 1.59. The business has a 50-day simple moving average of $37.18 and a 200-day simple moving average of $47.38.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $359.14 million. During the same period last year, the firm earned $0.43 earnings per share. Enphase Energy's quarterly revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Glj Research cut their price objective on Enphase Energy from $31.11 to $19.80 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Bank of America decreased their target price on Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 23rd. Barclays lifted their target price on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Johnson Rice downgraded Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 target price for the company. in a research report on Wednesday, July 30th. Finally, Mizuho dropped their target price on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and twelve have assigned a Sell rating to the company. Based on data from MarketBeat.com, Enphase Energy has a consensus rating of "Reduce" and a consensus price target of $55.48.

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.