Eastern Bank Trims Stock Holdings in Enphase Energy, Inc. $ENPH

Eastern Bank lowered its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 35.2% in the second quarter, HoldingsChannel reports. The firm 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 institutional investors and hedge funds also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its holdings in shares of Enphase Energy by 0.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $5,421,000 after purchasing an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company’s stock valued at $643,000 after buying an additional 255 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. Empirical Finance LLC lifted its position in Enphase Energy by 9.1% in the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 332 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its position in Enphase Energy by 7.1% in the 1st quarter. Cidel Asset Management Inc. now owns 5,070 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 338 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

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

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ENPH shares. KeyCorp reaffirmed an “underweight” rating and set a $31.00 price target on shares of Enphase Energy in a report on Tuesday, June 17th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $32.00 target price (down previously from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. Royal Bank Of Canada set a $28.00 price objective on shares of Enphase Energy and gave the company a “sector perform” rating in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, July 24th. Finally, Barclays boosted their price target on shares of Enphase Energy from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Reduce” and a consensus target price of $53.08.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $30.82 per share, with a total value of $154,100.00. Following the completion of the transaction, the chief executive officer directly owned 1,620,632 shares of the company’s stock, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by company insiders.

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.