Nicola Wealth Management LTD. Sells 8,000 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Nicola Wealth Management LTD. reduced its position in Enphase Energy, Inc. by 25.8% during the 1st quarter, now holding 23,000 shares valued at approximately $1.43 million.
• The recent quarterly earnings report showed Enphase Energy exceeded analyst expectations with earnings of $0.69 EPS on revenue of $363.15 million, marking a 19.7% increase year-over-year.
• Stock analysts have varying opinions on Enphase Energy, with ten rating it as a Buy, thirteen as Hold, and twelve as Sell, leading to a consensus price target of $55.48.

Nicola Wealth Management LTD. reduced its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,000 shares of the semiconductor company's stock after selling 8,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Enphase Energy were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional purchased a new stake in 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 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after buying an additional 258 shares in the last quarter. SVB Wealth LLC purchased a new stake in Enphase Energy during the 1st quarter valued at approximately $38,000. Brooklyn Investment Group grew its holdings 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 buying an additional 368 shares in the last quarter. Finally, Quarry LP purchased a new stake in Enphase Energy during the 1st quarter valued at approximately $70,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna cut their price objective on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, July 21st. 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 report on Thursday, July 24th. Wells Fargo & Company increased their target price on Enphase Energy from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. KeyCorp reiterated an "underweight" rating and set a $31.00 target price on shares of Enphase Energy in a research report on Tuesday, June 17th. Finally, Oppenheimer lowered their target price on Enphase Energy from $86.00 to $77.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Ten investment 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. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $55.48.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was bought 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 $49,947,878.24. This represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Trading Up 0.8%

ENPH traded up $0.31 during trading on Friday, reaching $37.63. The company had a trading volume of 6,463,199 shares, compared to its average volume of 6,604,822. The stock has a market cap of $4.92 billion, a P/E ratio of 29.40 and a beta of 1.52. The business has a 50 day simple moving average of $36.75 and a 200-day simple moving average of $44.94. Enphase Energy, Inc. has a 52 week low of $29.89 and a 52 week high of $126.19. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results 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 company 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 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. On average, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

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.