Handelsbanken Fonder AB Sells 566,231 Shares of Enphase Energy, Inc. $ENPH

Handelsbanken Fonder AB lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,993 shares of the semiconductor company’s stock after selling 566,231 shares during the period. Handelsbanken Fonder AB’s holdings in Enphase Energy were worth $7,176,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC acquired a new position in Enphase Energy in the 1st quarter worth $38,000. Brooklyn Investment Group grew its holdings in shares of 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 buying an additional 368 shares in the last quarter. CX Institutional boosted its position in 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 acquiring an additional 623 shares during the last quarter. Quarry LP acquired a new stake in shares of Enphase Energy in the first quarter valued at approximately $70,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Enphase Energy in the first quarter worth $73,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of $30.69 per share, with a total value of $153,450.00. Following the transaction, the chief executive officer owned 1,635,632 shares in the company, valued at $50,197,546.08. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing 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 Stock Up 3.1%

Enphase Energy stock opened at $26.93 on Monday. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 18.57 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. 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 firm has a 50 day moving average price of $34.31 and a two-hundred day moving average price of $37.62.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENPH. Mizuho downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $37.00 in a report on Thursday, October 23rd. Morgan Stanley cut their price objective on shares of Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Glj Research raised their target price on shares of Enphase Energy from $19.80 to $23.49 and gave the stock a “sell” rating in a report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Citigroup cut their target price on Enphase Energy from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy currently has an average rating of “Reduce” and an average target price of $39.90.

About Enphase Energy

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.