Jump Financial LLC Buys 276,915 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Jump Financial LLC increased its holdings in Enphase Energy, purchasing an additional 276,915 shares, bringing its total ownership to 456,610 shares valued at approximately $28.3 million.
• Insider trading activity saw Enphase's CEO Badrinarayanan Kothandaraman acquiring 5,000 shares at $30.82 each, boosting his ownership stake to over 1.62 million shares.
• Enphase Energy reported a 19.7% year-over-year revenue increase with $363.15 million in revenue and earnings per share of $0.69 for the last quarter, exceeding analyst expectations.

Jump Financial LLC raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 154.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 456,610 shares of the semiconductor company's stock after purchasing an additional 276,915 shares during the quarter. Jump Financial LLC owned 0.35% of Enphase Energy worth $28,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. CX Institutional bought a new stake in Enphase Energy during the 1st quarter valued at about $29,000. First Horizon Advisors Inc. increased its stake in Enphase Energy by 83.0% during the 1st 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 1st quarter valued at about $38,000. Brooklyn Investment Group increased its stake in Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 368 shares in the last quarter. Finally, GeoWealth Management LLC boosted its holdings 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 valued at $61,000 after acquiring an additional 321 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of recent analyst reports. Glj Research dropped their price target on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $37.00 price target (down previously from $64.00) on shares of Enphase Energy in a report on Tuesday, July 15th. Susquehanna dropped their price target 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. Jefferies Financial Group raised shares of Enphase Energy from an "underperform" rating to a "hold" rating and raised their price target for the company from $28.00 to $36.00 in a report on Thursday, August 21st. Finally, BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and twelve have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $55.48.

Enphase Energy Stock Performance

NASDAQ ENPH traded down $0.40 on Wednesday, reaching $37.56. 4,527,316 shares of the stock were exchanged, compared to its average volume of 6,678,281. Enphase Energy, Inc. has a one year low of $29.89 and a one year high of $126.19. The firm has a market capitalization of $4.91 billion, a PE ratio of 29.34 and a beta of 1.59. The company's 50-day simple moving average is $37.16 and its two-hundred day simple moving average is $47.45. 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 (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company had revenue of $363.15 million for the quarter, compared to analysts' expectations of $359.14 million. During the same quarter last year, the business earned $0.43 EPS. The firm's revenue was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. Analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $30.82 per share, for a total transaction of $154,100.00. Following the purchase, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. The trade was 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 accessible through the SEC website. Insiders own 3.10% of the company's stock.

About Enphase Energy

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.