Police & Firemen s Retirement System of New Jersey Purchases 29,618 Shares of Enphase Energy, Inc. $ENPH

Police & Firemen s Retirement System of New Jersey grew its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 155.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,711 shares of the semiconductor company’s stock after buying an additional 29,618 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Enphase Energy were worth $1,931,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its position in Enphase Energy by 2.5% during 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 acquiring an additional 255 shares during the last quarter. Empirical Finance LLC increased its position in shares of Enphase Energy by 9.1% during the first quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 332 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Enphase Energy by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 368 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Enphase Energy by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 8,616 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 369 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Enphase Energy by 43.5% during the 1st quarter. Harbour Investments Inc. now owns 1,280 shares of the semiconductor company’s stock worth $79,000 after buying an additional 388 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ENPH. TD Cowen decreased their price target on Enphase Energy from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Glj Research upped their price objective on shares of Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a report on Tuesday, September 23rd. Bank of America lowered their target price on shares of Enphase Energy from $31.00 to $30.00 and set an “underperform” rating for the company in a research note on Wednesday, July 23rd. Mizuho downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $37.00 in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 price target on shares of Enphase Energy in a report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have issued a Sell rating to the company’s stock. According to MarketBeat.com, Enphase Energy has a consensus rating of “Reduce” and an average target price of $39.90.

Insiders Place Their Bets

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $30.69 per share, for a total transaction of $153,450.00. Following the purchase, the chief executive officer owned 1,635,632 shares of the company’s stock, valued at approximately $50,197,546.08. This represents a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Enphase Energy Stock Performance

ENPH opened at $26.89 on Thursday. Enphase Energy, Inc. has a 12-month low of $26.84 and a 12-month high of $78.26. The company has a current ratio of 2.04, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.52 billion, a PE ratio of 18.54 and a beta of 1.63. The firm has a 50 day moving average of $34.75 and a two-hundred day moving average of $37.91.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.60 by $0.30. The business had revenue of $410.43 million for the quarter, compared to the consensus estimate of $364.64 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Enphase Energy has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

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.