Creekmur Asset Management LLC Purchases Shares of 10,482 Enphase Energy, Inc. (NASDAQ:ENPH)

Creekmur Asset Management LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,482 shares of the semiconductor company's stock, valued at approximately $650,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional purchased a new stake in Enphase Energy during the 1st quarter worth approximately $29,000. First Horizon Advisors Inc. increased its position in shares of Enphase Energy by 83.0% in the 1st 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 during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $47,000. GeoWealth Management LLC increased its position in shares of Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in shares of Enphase Energy in the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Performance

NASDAQ ENPH traded up $0.84 on Friday, reaching $39.58. The stock had a trading volume of 6,577,950 shares, compared to its average volume of 5,065,996. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.90 and a quick ratio of 1.77. The firm has a fifty day moving average of $42.00 and a two-hundred day moving average of $53.25. Enphase Energy, Inc. has a 1-year low of $33.01 and a 1-year high of $130.08. The company has a market cap of $5.19 billion, a P/E ratio of 36.65 and a beta of 1.67.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the acquisition, the chief executive officer owned 1,598,696 shares of the company's stock, valued at $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Susquehanna reduced their price objective on shares of Enphase Energy from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Glj Research lowered their target price on Enphase Energy from $50.69 to $31.11 and set a "sell" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on Enphase Energy from $65.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, June 20th. BNP Paribas Exane lowered shares of Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 price objective for the company. in a research report on Tuesday, May 13th. Finally, BNP Paribas lowered shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Thirteen investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.20.

Enphase Energy 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.