ProShare Advisors LLC Boosts Stock Position in Enphase Energy, Inc. $ENPH

Key Points

• ProShare Advisors LLC raised its stake in Enphase by 29.4% in Q2, owning 55,319 shares after buying 12,577 more, with the position valued at about $2.19 million.
• Analysts remain mixed—6 Buy, 12 Hold and 13 Sell—giving the stock an average rating of "Reduce" and an average price target of $41.76.
• Enphase recently beat quarterly estimates with $0.90 EPS (vs. $0.60 expected) and $410.4M revenue, while CEO Badrinarayanan Kothandaraman bought 10,000 shares at $30.93; the stock trades near $28.68 with a market cap of about $3.75B.

ProShare Advisors LLC lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 29.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,319 shares of the semiconductor company's stock after buying an additional 12,577 shares during the quarter. ProShare Advisors LLC's holdings in Enphase Energy were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Enphase Energy during the 1st quarter valued at $38,000. Brooklyn Investment Group raised its stake in shares of Enphase Energy by 124.7% in 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. CX Institutional lifted its position in shares of Enphase Energy by 135.4% during the second quarter. CX Institutional now owns 1,083 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 623 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Enphase Energy by 73.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,610 shares of the semiconductor company's stock worth $64,000 after purchasing an additional 680 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Enphase Energy by 34.8% in the second quarter. Harbour Investments Inc. now owns 1,725 shares of the semiconductor company's stock worth $68,000 after purchasing an additional 445 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on ENPH shares. Jefferies Financial Group restated a "hold" rating and set a $41.00 price objective on shares of Enphase Energy in a research note on Monday, September 29th. Morgan Stanley lowered their price target on Enphase Energy from $28.00 to $26.00 and set an "underweight" rating for the company in a report on Thursday, October 30th. BMO Capital Markets restated an "underperform" rating and set a $31.00 price objective on shares of Enphase Energy in a research note on Wednesday, October 29th. Zacks Research downgraded shares of Enphase Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 30th. Finally, Loop Capital set a $31.00 target price on shares of Enphase Energy in a report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $41.76.

Enphase Energy Trading Down 0.8%

Shares of NASDAQ:ENPH opened at $28.68 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. The company's 50-day moving average price is $35.38 and its 200 day moving average price is $38.28. The company has a market cap of $3.75 billion, a PE ratio of 19.78 and a beta of 1.63. Enphase Energy, Inc. has a fifty-two week low of $28.14 and a fifty-two week high of $78.26.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.60 by $0.30. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company had revenue of $410.43 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the business earned $0.65 earnings per share. Enphase Energy's revenue was up 7.8% compared to the same quarter last year. Enphase Energy has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Activity

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 10,000 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $30.93 per share, with a total value of $309,300.00. Following the completion of the acquisition, the chief executive officer owned 1,630,632 shares of the company's stock, valued at approximately $50,435,447.76. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company's stock.

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.

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