Enphase Energy, Inc. $ENPH Shares Sold by Swedbank AB

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 Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,744,963 shares of the semiconductor company's stock after selling 571,089 shares during the period. Swedbank AB owned about 1.33% of Enphase Energy worth $108,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ENPH. Baillie Gifford & Co. increased its holdings in Enphase Energy by 32.0% in the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after acquiring an additional 2,680,567 shares in the last quarter. Invesco Ltd. increased its holdings in Enphase Energy by 15.5% in the 1st quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock worth $326,664,000 after acquiring an additional 706,656 shares in the last quarter. AQR Capital Management LLC increased its holdings in Enphase Energy by 9,236.6% in the 1st quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock worth $41,483,000 after acquiring an additional 684,157 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Enphase Energy by 531.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after acquiring an additional 678,163 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Enphase Energy by 10,270.1% in the 1st quarter. GAMMA Investing LLC now owns 512,285 shares of the semiconductor company's stock worth $31,787,000 after acquiring an additional 507,345 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Trading Down 2.8%

Shares of ENPH traded down $1.10 during mid-day trading on Thursday, reaching $37.62. The stock had a trading volume of 4,913,293 shares, compared to its average volume of 6,657,245. 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 52-week low of $29.89 and a 52-week high of $124.40. The business's fifty day moving average is $36.54 and its 200 day moving average is $44.72. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 29.57 and a beta of 1.52.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The firm had revenue of $363.15 million during the quarter, compared to analyst estimates of $359.14 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Enphase Energy's quarterly revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several recent analyst reports. Johnson Rice lowered shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price target for the company. in a report on Wednesday, July 30th. Glj Research cut their price target on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating for the company in a report on Tuesday, July 22nd. KeyCorp reaffirmed an "underweight" rating and set a $31.00 target price on shares of Enphase Energy in a report on Tuesday, June 17th. Jefferies Financial Group raised shares of Enphase Energy from an "underperform" rating to a "hold" rating and upped their target price for the stock from $28.00 to $36.00 in a report on Thursday, August 21st. Finally, Mizuho dropped their target price 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. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average 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.