State of New Jersey Common Pension Fund D Sells 2,387 Shares of Enphase Energy, Inc. $ENPH

State of New Jersey Common Pension Fund D reduced its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,594 shares of the semiconductor company’s stock after selling 2,387 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Enphase Energy were worth $2,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. increased its position in shares of Enphase Energy by 49.0% during the 1st quarter. Fox Run Management L.L.C. now owns 5,053 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 1,662 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Enphase Energy during the first quarter worth about $442,000. S Bank Fund Management Ltd bought a new stake in Enphase Energy during the first quarter worth about $416,000. Public Sector Pension Investment Board increased its holdings in shares of Enphase Energy by 86.0% during the first quarter. Public Sector Pension Investment Board now owns 36,196 shares of the semiconductor company’s stock worth $2,246,000 after buying an additional 16,733 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Enphase Energy in the first quarter valued at approximately $24,247,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price target on Enphase Energy from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. DZ Bank cut Enphase Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 23rd. BMO Capital Markets restated an “underperform” rating and issued a $39.00 target price (down from $46.00) on shares of Enphase Energy in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Guggenheim reissued a “sell” rating and set a $33.00 price objective on shares of Enphase Energy in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and thirteen have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $55.22.

Enphase Energy Price Performance

Shares of ENPH stock opened at $35.68 on Thursday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 27.88 and a beta of 1.59. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $130.08. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $37.60 and a 200 day moving average price of $48.34.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $363.15 million for the quarter, compared to analyst estimates of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. Research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price 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 in the company, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.10% of the company’s stock.

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.