Swedbank AB Sells 571,089 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Swedbank AB has reduced its stake in Enphase Energy, Inc. by 24.7%, selling 571,089 shares, which leaves them with approximately 1.33% of the company valued at $108.27 million.
• Several institutional investors have increased their positions in Enphase Energy during the last quarter, indicating ongoing interest in the stock despite recent sell-offs.
• Analysts have downgraded their price target for Enphase Energy, with Goldman Sachs setting a new target of $32.00, significantly lower than previous estimates, while the company has an average rating of "Reduce" among investment analysts.

Swedbank AB reduced its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 24.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,744,963 shares of the semiconductor company's stock after selling 571,089 shares during the quarter. Swedbank AB owned approximately 1.33% of Enphase Energy worth $108,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENPH. Janus Henderson Group PLC raised its holdings in Enphase Energy by 634.6% during the 4th quarter. Janus Henderson Group PLC now owns 107,550 shares of the semiconductor company's stock valued at $7,387,000 after buying an additional 92,909 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in Enphase Energy by 111.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 4,739 shares of the semiconductor company's stock worth $325,000 after purchasing an additional 2,502 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enphase Energy by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,083 shares of the semiconductor company's stock worth $4,264,000 after purchasing an additional 5,350 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Enphase Energy by 13.6% in the 4th quarter. Nuveen Asset Management LLC now owns 507,428 shares of the semiconductor company's stock worth $34,850,000 after purchasing an additional 60,616 shares in the last quarter. Finally, Man Group plc raised its holdings in Enphase Energy by 97.2% in the 4th quarter. Man Group plc now owns 13,692 shares of the semiconductor company's stock worth $940,000 after purchasing an additional 6,749 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $30.82 per share, with a total value of $154,100.00. Following the transaction, the chief executive officer owned 1,620,632 shares of the company's stock, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group restated a "sell" rating and issued a $32.00 price objective (down from $77.00) on shares of Enphase Energy in a report on Wednesday, July 9th. Citigroup decreased their price objective on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, June 5th. Mizuho decreased their price objective on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Monday, July 14th. 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have given a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Reduce" and a consensus target price of $55.48.

Enphase Energy Stock Up 0.8%

Shares of Enphase Energy stock opened at $37.63 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The company has a 50-day moving average of $36.75 and a 200 day moving average of $45.18. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 29.40 and a beta of 1.52. 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 issued 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. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company had revenue of $363.15 million during the quarter, compared to analyst estimates of $359.14 million. During the same period last year, the business earned $0.43 EPS. Enphase Energy's quarterly revenue was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share 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.

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