UniSuper Management Pty Ltd Trims Holdings 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 decreased its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 46.8% during the first quarter, according to the company in its most recent disclosure with the SEC. 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 about 0.21% of Enphase Energy worth $17,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ENPH. Mercer Global Advisors Inc. ADV lifted its position in Enphase Energy by 154.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,676 shares of the semiconductor company's stock worth $871,000 after buying an additional 7,696 shares in the last quarter. Deutsche Bank AG increased its stake in Enphase Energy by 35.5% during the fourth quarter. Deutsche Bank AG now owns 879,921 shares of the semiconductor company's stock worth $60,433,000 after acquiring an additional 230,674 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Enphase Energy by 345.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 230,589 shares of the semiconductor company's stock worth $15,837,000 after acquiring an additional 178,831 shares during the last quarter. Granahan Investment Management LLC increased its stake in Enphase Energy by 25.7% during the fourth quarter. Granahan Investment Management LLC now owns 2,930 shares of the semiconductor company's stock worth $201,000 after acquiring an additional 599 shares during the last quarter. Finally, Humankind Investments LLC acquired a new stake in Enphase Energy during the fourth quarter worth $237,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the purchase, the chief executive officer directly 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 document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer cut their target price on Enphase Energy from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. 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. BNP Paribas cut Enphase Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, May 13th. TD Cowen cut their target price on Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho cut their target price on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Ten 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 MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $55.48.

Enphase Energy Trading Up 8.6%

ENPH opened at $39.65 on Monday. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $126.19. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 30.98 and a beta of 1.52. 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 business has a fifty day moving average price of $37.10 and a 200 day moving average price of $45.86.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The firm had revenue of $363.15 million during the quarter, compared to analysts' expectations of $359.14 million. During the same period in the previous year, the firm posted $0.43 EPS. Enphase Energy's revenue for the quarter was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. Sell-side analysts expect 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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