Enphase Energy, Inc. (NASDAQ:ENPH) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 83.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,475 shares of the semiconductor company's stock after acquiring an additional 17,516 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Enphase Energy were worth $2,387,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in Enphase Energy by 318.1% in the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy in the 4th quarter valued at $47,000. GeoWealth Management LLC lifted its position in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 321 shares during the period. Sava Infond d.o.o. acquired a new position in Enphase Energy during the fourth quarter worth $69,000. Finally, Avior Wealth Management LLC raised its holdings in Enphase Energy by 269.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after buying an additional 762 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

Shares of NASDAQ:ENPH traded up $1.90 during mid-day trading on Tuesday, reaching $43.22. 2,746,519 shares of the company traded hands, compared to its average volume of 4,423,711. Enphase Energy, Inc. has a 52 week low of $37.59 and a 52 week high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The firm has a market cap of $5.67 billion, a PE ratio of 58.41 and a beta of 1.80. The company's 50 day moving average price is $49.26 and its 200-day moving average price is $60.19.

Wall Street Analysts Forecast Growth

ENPH has been the subject of several research reports. Craig Hallum reduced their price target on shares of Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Piper Sandler cut their target price on shares of Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated an "underperform" rating and set a $39.00 target price (down previously from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. DZ Bank lowered shares of Enphase Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. Finally, Redburn Atlantic assumed coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They set a "neutral" rating for the company. Eleven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Enphase Energy presently has a consensus rating of "Hold" and an average price target of $68.45.

Insiders Place Their Bets

In related news, CFO Mandy Yang sold 1,319 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at approximately $4,972,139.68. This represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of Enphase Energy stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the purchase, the chief executive officer now owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This trade represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

Enphase Energy Company 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.