Northern Trust Corp Has $72.54 Million Stake in Enphase Energy, Inc. $ENPH

Key Points

• Northern Trust Corp significantly reduced its shareholding in Enphase Energy, Inc. by 29.9%, selling almost 500,000 shares, leaving it with around 1.17 million shares valued at $72.5 million.
• CEO Badrinarayanan Kothandaraman purchased 5,000 shares at an average price of $30.82, increasing his total ownership in the company to over 1.6 million shares.
• Enphase Energy reported a 19.7% increase in revenue year-over-year, revealing earnings per share of $0.69, which exceeded analysts' expectations.

Northern Trust Corp reduced its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,169,046 shares of the semiconductor company's stock after selling 499,761 shares during the quarter. Northern Trust Corp owned about 0.89% of Enphase Energy worth $72,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ENPH. Baillie Gifford & Co. increased its holdings in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock valued at $685,799,000 after acquiring an additional 2,680,567 shares in the last quarter. Invesco Ltd. lifted its position in shares of Enphase Energy by 15.5% during the 1st quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock valued at $326,664,000 after buying an additional 706,656 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of 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 valued at $92,652,000 after buying an additional 517,989 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $62,780,000 after purchasing an additional 74,755 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Enphase Energy by 35.5% during the 4th quarter. Deutsche Bank AG now owns 879,921 shares of the semiconductor company's stock valued at $60,433,000 after acquiring an additional 230,674 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 0.3%

NASDAQ:ENPH traded up $0.12 during trading hours on Friday, hitting $37.70. The company's stock had a trading volume of 4,029,352 shares, compared to its average volume of 6,645,342. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65. Enphase Energy, Inc. has a 52-week low of $29.89 and a 52-week high of $126.19. The stock has a market capitalization of $4.93 billion, a P/E ratio of 29.45 and a beta of 1.59. The stock has a fifty day moving average of $37.20 and a 200-day moving average of $47.21.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The company had revenue of $363.15 million during 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 company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada set a $28.00 price objective on Enphase Energy and gave the stock a "sector perform" rating in a report on Wednesday, June 18th. TD Cowen lowered their price objective on Enphase Energy from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, July 23rd. BNP Paribas Exane cut Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price objective on the stock. in a research note on Tuesday, May 13th. 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 note on Thursday, July 24th. Finally, Johnson Rice lowered Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 target price for the company. in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 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 completion of the purchase, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.10% of the stock is currently owned by insiders.

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.