Enphase Energy, Inc. $ENPH Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 20.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,662 shares of the semiconductor company’s stock after selling 918 shares during the period. Cresset Asset Management LLC’s holdings in Enphase Energy were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENPH. Baillie Gifford & Co. boosted its holdings in Enphase Energy by 32.0% in the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company’s stock worth $685,799,000 after buying an additional 2,680,567 shares during the last quarter. Invesco Ltd. lifted its position in shares of Enphase Energy by 15.5% in the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company’s stock valued at $326,664,000 after acquiring an additional 706,656 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Enphase Energy by 40.9% in the fourth quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company’s stock worth $114,614,000 after acquiring an additional 484,497 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Enphase Energy by 62.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company’s stock worth $92,652,000 after purchasing an additional 517,989 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Enphase Energy by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company’s stock worth $62,780,000 after purchasing an additional 74,755 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna decreased their price objective on Enphase Energy from $51.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, July 21st. Mizuho reduced their target price on shares of Enphase Energy from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Barclays raised their price target on shares of Enphase Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of Enphase Energy from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and twelve have issued a Sell rating to the stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Reduce” and an average target price of $55.48.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were acquired 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 approximately $49,947,878.24. This trade represents a 0.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

Enphase Energy Stock Performance

Enphase Energy stock opened at $37.96 on Wednesday. The firm has a 50 day simple moving average of $37.16 and a 200-day simple moving average of $47.45. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 29.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. Enphase Energy, Inc. has a 1-year low of $29.89 and a 1-year high of $126.19.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm 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 business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. On average, analysts expect 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.