UniSuper Management Pty Ltd Trims Stake in Enphase Energy, Inc. $ENPH

Key Points

• UniSuper Management Pty Ltd reduced its stake in Enphase Energy by 46.8%, now holding 281,550 shares worth approximately $17.47 million.
• Several institutional investors, including Mercer Global Advisors and Deutsche Bank, have significantly increased their stakes in Enphase Energy, indicating varied market opinions on the stock.
• Enphase Energy reported a 19.7% increase in revenue year-over-year, with an EPS of $0.69, exceeding analyst expectations of $0.62 during the last quarter.

UniSuper Management Pty Ltd lessened its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 46.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,550 shares of the semiconductor company's stock after selling 247,654 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.21% of Enphase Energy worth $17,470,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CX Institutional purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $29,000. First Horizon Advisors Inc. boosted its position in shares of Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after buying an additional 258 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $38,000. Brooklyn Investment Group boosted its position in shares of Enphase Energy by 124.7% during the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after buying an additional 368 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Enphase Energy during the first quarter valued at approximately $70,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several analyst reports. Oppenheimer cut their target price on Enphase Energy from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Glj Research cut their price objective on Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. KeyCorp reissued 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 on the stock in a research report on Wednesday, July 23rd. Finally, Johnson Rice cut Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price objective on the stock. in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the purchase, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. This represents a 0.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.10% of the stock is currently owned by insiders.

Enphase Energy Stock Performance

Shares of ENPH traded up $0.31 during mid-day trading on Friday, hitting $37.63. The stock had a trading volume of 6,463,199 shares, compared to its average volume of 7,326,837. The firm has a market cap of $4.92 billion, a P/E ratio of 29.40 and a beta of 1.52. The business has a fifty day moving average price of $36.75 and a 200-day moving average price of $45.05. 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 $126.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating 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 return on equity of 24.55% and a net margin of 11.78%.The business's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.