Erste Asset Management GmbH Has $13.41 Million Position in Enphase Energy, Inc. $ENPH

Key Points

• Erste Asset Management GmbH has decreased its stock position in Enphase Energy, Inc. by 30.5%, selling 95,656 shares and now owning approximately 0.17% of the company, valued at $13.4 million.
• Recent changes in institutional investor positions include CX Institutional purchasing a new stake and First Horizon Advisors Inc. increasing their holdings by 83% in the first quarter of 2023.
• Enphase Energy's CEO, Badrinarayanan Kothandaraman, recently acquired 5,000 shares for approximately $154,100, increasing his total ownership to over 1.6 million shares valued nearly at $50 million.

Erste Asset Management GmbH lowered its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 217,526 shares of the semiconductor company's stock after selling 95,656 shares during the quarter. Erste Asset Management GmbH owned about 0.17% of Enphase Energy worth $13,412,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CX Institutional purchased a new position in shares of Enphase Energy during the 1st quarter valued at approximately $29,000. First Horizon Advisors Inc. grew its holdings 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 acquiring an additional 258 shares during the period. Brooklyn Investment Group increased its stake in Enphase Energy by 124.7% in 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 in the last quarter. GeoWealth Management LLC increased its stake in Enphase Energy by 56.3% in 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Enphase Energy in the 1st quarter worth about $73,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost 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 in the company, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company's stock.

Enphase Energy Trading Up 0.4%

Shares of Enphase Energy stock traded up $0.17 during trading hours on Tuesday, hitting $38.40. The company's stock had a trading volume of 2,705,438 shares, compared to its average volume of 6,662,129. 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 company has a market capitalization of $5.02 billion, a PE ratio of 30.02 and a beta of 1.59. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $126.19. The stock has a 50 day moving average of $37.10 and a 200 day moving average of $47.52.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on ENPH shares. Jefferies Financial Group raised Enphase Energy from an "underperform" rating to a "hold" rating and lifted their target price for the company from $28.00 to $36.00 in a research note on Thursday, August 21st. Citigroup reduced their target price on Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. TD Cowen cut their price target on Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, July 24th. Finally, Barclays boosted their price objective on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. 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, the company has a consensus rating of "Reduce" and a consensus target price 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.