Enphase Energy, Inc. $ENPH Shares Sold by Eastern Bank

Eastern Bank lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 35.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,925 shares of the semiconductor company’s stock after selling 4,300 shares during the period. Eastern Bank’s holdings in Enphase Energy were worth $314,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ENPH. CX Institutional acquired a new stake in shares of Enphase Energy during the 1st quarter worth about $29,000. First Horizon Advisors Inc. boosted its position in Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. SVB Wealth LLC acquired a new stake in Enphase Energy during the first quarter worth approximately $38,000. Brooklyn Investment Group boosted its position in Enphase Energy by 124.7% during the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 368 shares during the last quarter. Finally, Quarry LP acquired a new stake in Enphase Energy during the first quarter worth approximately $70,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on ENPH. Oppenheimer reduced their target price on Enphase Energy from $77.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday. Glj Research lifted their price target on Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a report on Tuesday, September 23rd. Zacks Research upgraded Enphase Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Johnson Rice downgraded shares of Enphase Energy from a “buy” rating to an “accumulate” rating and set a $45.00 target price for the company. in a report on Wednesday, July 30th. Finally, KeyCorp restated an “underweight” rating and issued a $31.00 target price on shares of Enphase Energy in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and thirteen have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $53.08.

Enphase Energy Price Performance

ENPH opened at $34.27 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. Enphase Energy, Inc. has a 52-week low of $29.89 and a 52-week high of $102.72. The company has a 50 day moving average of $36.34 and a two-hundred day moving average of $41.74. The company has a market cap of $4.48 billion, a P/E ratio of 26.77 and a beta of 1.56.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping 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 analysts’ expectations of $359.14 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $30.82 per share, for a total transaction of $154,100.00. Following the acquisition, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.

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.