Quantitative Investment Management LLC Sells 69,610 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Quantitative Investment Management LLC significantly reduced its stake in Enphase Energy by 82.3%, selling 69,610 shares and now holding 14,933 shares worth $926,000.
• Institutional investors collectively own 72.12% of Enphase Energy, with varied actions from firms including Baillie Gifford increasing their holdings by 32.0% and GAMMA Investing significantly boosting theirs by 10,270.1%.
• Enphase Energy reported earnings of $0.69 per share, surpassing estimates, with revenue up 19.7% year-over-year to $363.15 million, despite varied price target updates from analysts.

Quantitative Investment Management LLC lessened its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 82.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,933 shares of the semiconductor company's stock after selling 69,610 shares during the period. Quantitative Investment Management LLC's holdings in Enphase Energy were worth $926,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CX Institutional acquired a new stake in Enphase Energy during the 1st quarter valued at $29,000. First Horizon Advisors Inc. grew its holdings in shares of 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 acquiring an additional 258 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Enphase Energy in the first quarter worth $38,000. Brooklyn Investment Group increased its position in Enphase Energy by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 368 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Enphase Energy in the 1st quarter worth about $73,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the acquisition, the chief executive officer owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. This represents a 0.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Up 0.1%

ENPH stock traded up $0.02 during midday trading on Thursday, hitting $37.58. The company's stock had a trading volume of 3,869,736 shares, compared to its average volume of 6,661,256. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve month high of $126.19. The company's fifty day moving average price is $37.18 and its 200 day moving average price is $47.38. The stock has a market capitalization of $4.91 billion, a P/E ratio of 29.36 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Analysts Set New Price Targets

ENPH has been the subject of a number of recent research reports. Susquehanna decreased 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. Oppenheimer cut their price objective 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. KeyCorp reiterated an "underweight" rating and issued a $31.00 price objective on shares of Enphase Energy in a research report on Tuesday, June 17th. Bank of America cut 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. Finally, Royal Bank Of Canada set a $28.00 price objective on Enphase Energy and gave the company a "sector perform" rating in a research report on Wednesday, June 18th. Ten equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and twelve have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $55.48.

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.