Raymond James Financial Inc. Boosts Stake in Enphase Energy, Inc. $ENPH

Key Points

• Raymond James Financial Inc. increased its stake in Enphase Energy by 12.3% during the first quarter, owning approximately 0.10% of the company valued at $8.5 million.
• A significant number of institutional investors have recently raised their positions in Enphase Energy, with 72.12% of the stock now held by hedge funds and other institutions.
• Enphase Energy reported earnings of $0.69 per share for the last quarter, exceeding estimates, with revenue increasing 19.7% year-over-year to $363.15 million.

Raymond James Financial Inc. grew its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,044 shares of the semiconductor company's stock after acquiring an additional 15,060 shares during the quarter. Raymond James Financial Inc. owned about 0.10% of Enphase Energy worth $8,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ENPH. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $1,887,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Enphase Energy by 154.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,676 shares of the semiconductor company's stock valued at $871,000 after purchasing an additional 7,696 shares during the last quarter. AXA S.A. increased its holdings in shares of Enphase Energy by 181.0% in the fourth quarter. AXA S.A. now owns 11,385 shares of the semiconductor company's stock valued at $782,000 after purchasing an additional 7,334 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $213,000. Finally, Baker Avenue Asset Management LP increased its holdings in shares of Enphase Energy by 17.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 3,451 shares of the semiconductor company's stock valued at $237,000 after purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost 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 trade represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Down 1.5%

NASDAQ ENPH traded down $0.56 during trading on Thursday, reaching $36.52. 5,483,162 shares of the company's stock were exchanged, compared to its average volume of 6,619,666. The stock has a market cap of $4.77 billion, a P/E ratio of 28.53 and a beta of 1.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The company has a 50 day moving average price of $37.26 and a two-hundred day moving average price of $46.51. Enphase Energy, Inc. has a 1 year low of $29.89 and a 1 year high of $126.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced 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 for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada set a $28.00 price target on Enphase Energy and gave the company a "sector perform" rating in a report on Wednesday, June 18th. The Goldman Sachs Group reissued a "sell" rating and set a $32.00 target price (down previously from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. BMO Capital Markets reissued an "underperform" rating and set a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research note on Tuesday, May 13th. Glj Research lowered their price target 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, Mizuho lowered their price target on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $55.48.

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.