Bank Pictet & Cie Europe AG Sells 9,663 Shares of Enphase Energy, Inc. $ENPH

Bank Pictet & Cie Europe AG cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 47.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,660 shares of the semiconductor company’s stock after selling 9,663 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Enphase Energy were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in Enphase Energy by 60.7% during the second quarter. Fifth Third Bancorp now owns 5,925 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 2,237 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in shares of Enphase Energy by 271.7% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 9,576 shares of the semiconductor company’s stock worth $380,000 after buying an additional 7,000 shares in the last quarter. CX Institutional boosted its holdings in shares of Enphase Energy by 135.4% during the 2nd quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock worth $43,000 after buying an additional 623 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Enphase Energy during the 2nd quarter valued at $305,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Enphase Energy by 827.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company’s stock valued at $45,698,000 after acquiring an additional 1,028,259 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $36.50 on Friday. Enphase Energy, Inc. has a fifty-two week low of $29.89 and a fifty-two week high of $116.76. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 28.52 and a beta of 1.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The firm’s 50-day simple moving average is $36.17 and its 200 day simple moving average is $43.70.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENPH has been the topic of a number of research reports. The Goldman Sachs Group reiterated a “sell” rating and set a $32.00 target price (down previously from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. Royal Bank Of Canada set a $28.00 target price on Enphase Energy and gave the company a “sector perform” rating in a research note on Wednesday, June 18th. Susquehanna reduced their target price on Enphase Energy from $51.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 21st. Jefferies Financial Group upgraded Enphase Energy from an “underperform” rating to a “hold” rating and increased their price target for the stock from $28.00 to $36.00 in a report on Thursday, August 21st. Finally, Bank of America cut their price target on Enphase Energy from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Wednesday, July 23rd. Ten research 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. Based on data from MarketBeat, Enphase Energy presently has a consensus rating of “Reduce” and a consensus price target of $55.66.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $30.82 per share, for a total transaction 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 represents a 0.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

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.