GAMMA Investing LLC Buys 507,345 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

GAMMA Investing LLC raised its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 10,270.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 512,285 shares of the semiconductor company's stock after purchasing an additional 507,345 shares during the quarter. GAMMA Investing LLC owned 0.39% of Enphase Energy worth $31,787,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 509 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $47,000. GeoWealth Management LLC increased its position in shares of Enphase Energy by 56.3% during the fourth 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 period. Sava Infond d.o.o. acquired a new position in shares of Enphase Energy in the fourth quarter valued at $69,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Enphase Energy in the fourth quarter worth $96,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Insider Transactions at Enphase Energy

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

Enphase Energy Trading Down 0.3%

NASDAQ:ENPH traded down $0.12 during trading hours on Friday, hitting $41.18. 6,989,439 shares of the stock were exchanged, compared to its average volume of 4,478,560. The company has a market capitalization of $5.40 billion, a P/E ratio of 55.65 and a beta of 1.69. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company's 50 day moving average is $48.14 and its two-hundred day moving average is $59.81. Enphase Energy, Inc. has a twelve month low of $37.59 and a twelve month high of $141.63.

Analyst Ratings Changes

Several brokerages have issued reports on ENPH. Royal Bank of Canada reissued a "sector perform" rating and issued a $54.00 price target (down previously from $59.00) on shares of Enphase Energy in a report on Wednesday, April 23rd. BNP Paribas Exane lowered shares of Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price on the stock. in a research report on Tuesday, May 13th. Glj Research lowered their target price on shares of Enphase Energy from $50.69 to $31.11 and set a "sell" rating on the stock in a research note on Friday, April 25th. 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, TD Cowen cut their price target on shares of Enphase Energy from $78.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Eleven analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of "Hold" and an average price target of $68.31.

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.