State of New Jersey Common Pension Fund D Boosts Position in Enphase Energy, Inc. $ENPH

State of New Jersey Common Pension Fund D increased its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 4.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 49,558 shares of the semiconductor company’s stock after acquiring an additional 1,964 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Enphase Energy were worth $1,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ENPH. Wealth Enhancement Advisory Services LLC raised its stake in Enphase Energy by 47.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,556 shares of the semiconductor company’s stock worth $593,000 after buying an additional 3,089 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Enphase Energy by 38.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,188 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 5,070 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Enphase Energy by 523.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,401 shares of the semiconductor company’s stock valued at $4,205,000 after purchasing an additional 56,586 shares in the last quarter. First Horizon Advisors Inc. increased its stake 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 purchasing an additional 258 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Enphase Energy during the first quarter valued at approximately $1,609,000. 72.12% of the stock is owned by institutional investors.

Enphase Energy Stock Up 1.3%

Enphase Energy stock opened at $30.51 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 21.04 and a beta of 1.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.04. Enphase Energy, Inc. has a one year low of $29.89 and a one year high of $89.95. The stock has a fifty day moving average of $36.84 and a 200 day moving average of $39.70.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.30. The company had revenue of $410.43 million during the quarter, compared to analysts’ expectations of $364.64 million. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.Enphase Energy’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 business earned $0.65 earnings per share. Enphase Energy has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $30.82 per share, for a total transaction 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. The trade was a 0.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ENPH has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on Enphase Energy from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, July 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Enphase Energy in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Enphase Energy from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, TD Cowen reduced their price target on shares of Enphase Energy from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and thirteen have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $44.71.

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.