Erste Asset Management GmbH Has $13.41 Million Holdings 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 lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP bought a new position in shares of Enphase Energy during the 4th quarter worth about $557,000. Teacher Retirement System of Texas bought a new position in shares of Enphase Energy during the 1st quarter worth about $1,609,000. QRG Capital Management Inc. bought a new position in shares of Enphase Energy during the 1st quarter worth about $512,000. Maxi Investments CY Ltd increased its holdings in shares of Enphase Energy by 650.0% during the 1st quarter. Maxi Investments CY Ltd now owns 52,500 shares of the semiconductor company's stock worth $3,258,000 after purchasing an additional 45,500 shares during the period. Finally, Bouvel Investment Partners LLC bought a new position in shares of Enphase Energy during the 1st quarter worth about $847,000. Institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several research reports. KeyCorp restated an "underweight" rating and set a $31.00 price objective on shares of Enphase Energy in a report on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, July 24th. Susquehanna dropped their price objective on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. BNP Paribas Exane lowered shares of 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. Finally, BNP Paribas lowered shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Ten research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and twelve have given a Sell rating to the company. Based on data from MarketBeat, Enphase Energy has an average rating of "Reduce" and a consensus price target of $55.48.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

Enphase Energy Price Performance

Shares of Enphase Energy stock traded up $3.60 during trading on Friday, hitting $38.18. 10,280,575 shares of the company's stock traded hands, compared to its average volume of 8,507,161. 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's fifty day moving average price is $37.25 and its 200 day moving average price is $47.82. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve month high of $130.08. The company has a market cap of $4.99 billion, a PE ratio of 29.83 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The firm had revenue of $363.15 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. Analysts forecast 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.