Swedbank AB Sells 1,261,612 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Swedbank AB significantly reduced its stake in Enphase Energy, cutting its position by 72.3% during the second quarter, now owning 483,351 shares worth approximately $19.2 million.
• Several hedge funds, including Baillie Gifford & Co. and AQR Capital Management, have increased their holdings in Enphase Energy, with Baillie Gifford boosting its stake by 32%.
• Enphase Energy reported earnings of $0.69 per share for the last quarter, surpassing estimates, with a 19.7% increase in revenue year-over-year, although its stock is currently down 0.1%.

Swedbank AB trimmed its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 72.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,351 shares of the semiconductor company's stock after selling 1,261,612 shares during the period. Swedbank AB owned 0.37% of Enphase Energy worth $19,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. CX Institutional acquired a new position in Enphase Energy in the 1st quarter valued at $29,000. First Horizon Advisors Inc. raised its stake in Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. SVB Wealth LLC bought a new stake in Enphase Energy during the first quarter worth about $38,000. Brooklyn Investment Group grew its stake 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 in the last quarter. Finally, Quarry LP bought a new position in Enphase Energy in the 1st quarter valued at about $70,000. 72.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ENPH has been the topic of several recent analyst reports. Barclays lifted their price target on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Jefferies Financial Group raised Enphase Energy from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $28.00 to $36.00 in a research note on Thursday, August 21st. Wall Street Zen cut shares of Enphase Energy from a "buy" rating to a "hold" rating in a report on Monday. The Goldman Sachs Group reaffirmed a "sell" rating and set a $32.00 price target (down from $77.00) on shares of Enphase Energy in a report on Wednesday, July 9th. Finally, Oppenheimer dropped their price objective on shares of Enphase Energy from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Ten equities research 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 MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $55.66.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Down 5.6%

Shares of Enphase Energy stock traded down $2.25 during trading on Tuesday, reaching $38.25. 4,033,181 shares of the company traded hands, compared to its average volume of 6,869,085. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The firm has a market capitalization of $5.00 billion, a PE ratio of 29.97 and a beta of 1.52. The company has a 50 day moving average price of $36.35 and a 200-day moving average price of $44.14. Enphase Energy, Inc. has a 1-year low of $29.89 and a 1-year high of $118.13.

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, topping 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 business had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. During the same period in the prior year, the business earned $0.43 EPS. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal 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.