Enphase Energy, Inc. $ENPH Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB drastically reduced its stake in Enphase Energy by 97.8%, ending with just 834 shares worth $33,000 after selling over 37,000 shares.
• Enphase Energy's stock has shown volatility, opening at $38.42 with a market cap of $5.02 billion and a 52-week range between $29.89 and $118.13.
• The company has received mixed ratings from analysts, with price targets varying significantly, including a drop from $53.00 to $50.00 by Mizuho and a $32.00 target set by Goldman Sachs.

MassMutual Private Wealth & Trust FSB cut its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 97.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834 shares of the semiconductor company's stock after selling 37,641 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Enphase Energy were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Man Group plc lifted its position in Enphase Energy by 97.2% during the fourth quarter. Man Group plc now owns 13,692 shares of the semiconductor company's stock worth $940,000 after buying an additional 6,749 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Enphase Energy in the 4th quarter valued at $557,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Enphase Energy in the 4th quarter valued at $18,580,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Enphase Energy in the 4th quarter valued at $289,000. Finally, Boston Common Asset Management LLC grew its stake in Enphase Energy by 1.4% during the 1st quarter. Boston Common Asset Management LLC now owns 45,168 shares of the semiconductor company's stock worth $2,803,000 after purchasing an additional 637 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ENPH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, July 24th. KeyCorp reaffirmed an "underweight" rating and set a $31.00 price objective on shares of Enphase Energy in a research report on Tuesday, June 17th. TD Cowen lowered their price objective on Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, July 23rd. Glj Research lowered their price objective on Enphase Energy from $31.11 to $19.80 and set a "sell" rating for the company in a research report on Tuesday, July 22nd. Finally, Bank of America lowered their price objective on Enphase Energy from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $55.54.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the purchase, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Stock Performance

ENPH traded up $2.08 on Monday, hitting $40.50. 9,067,976 shares of the company traded hands, compared to its average volume of 7,946,701. The company has a 50 day moving average of $36.35 and a 200-day moving average of $44.14. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $5.30 billion, a PE ratio of 31.64 and a beta of 1.52. Enphase Energy, Inc. has a 12-month low of $29.89 and a 12-month high of $118.13.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm 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%.The firm's revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current 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.