Enphase Energy, Inc. $ENPH Position Lessened by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 54.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,855 shares of the semiconductor company’s stock after selling 479,591 shares during the period. Legal & General Group Plc owned 0.31% of Enphase Energy worth $16,013,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENPH. SVB Wealth LLC purchased a new stake in shares of Enphase Energy during the 1st quarter worth about $38,000. Brooklyn Investment Group increased its holdings in Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after buying an additional 368 shares during the last quarter. CX Institutional increased its holdings in Enphase Energy by 135.4% in the second quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock worth $43,000 after buying an additional 623 shares during the last quarter. Quarry LP bought a new position in Enphase Energy during the first quarter valued at approximately $70,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Enphase Energy in the first quarter valued at approximately $73,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Up 4.2%

Shares of NASDAQ:ENPH opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.04. The stock’s 50-day moving average is $33.24 and its 200-day moving average is $37.04. The company has a market cap of $3.79 billion, a P/E ratio of 19.98 and a beta of 1.63. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $78.26.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.30. The firm had revenue of $410.43 million during the quarter, compared to the consensus estimate of $364.64 million. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Enphase Energy has set its Q4 2025 guidance at EPS. Equities research analysts predict that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $30.69 per share, for a total transaction of $153,450.00. Following the completion of the purchase, the chief executive officer owned 1,635,632 shares in the company, valued at approximately $50,197,546.08. The trade was a 0.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Enphase Energy from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Loop Capital set a $31.00 price objective on shares of Enphase Energy in a report on Thursday, October 30th. Susquehanna set a $33.00 target price on shares of Enphase Energy in a research report on Thursday, October 30th. Barclays raised their target price on Enphase Energy from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Enphase Energy in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $39.90.

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.