GAMMA Investing LLC Buys Shares of 1,562 Enphase Energy, Inc. (NASDAQ:ENPH)

GAMMA Investing LLC acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,562 shares of the semiconductor company’s stock, valued at approximately $206,000.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its position in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Enphase Energy by 194.6% in the fourth quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 218 shares during the last quarter. Covestor Ltd lifted its position in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares during the last quarter. Finally, Twin Lakes Capital Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $48,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Trading Up 0.6 %

NASDAQ:ENPH opened at $107.83 on Friday. Enphase Energy, Inc. has a 12 month low of $73.49 and a 12 month high of $192.22. The company has a 50 day simple moving average of $118.79 and a two-hundred day simple moving average of $111.93. The company has a current ratio of 4.16, a quick ratio of 4.19 and a debt-to-equity ratio of 1.30. The company has a market cap of $14.67 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million for the quarter, compared to analysts’ expectations of $327.06 million. Research analysts forecast that Enphase Energy, Inc. will post 1.95 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley lifted their price target on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Mizuho lowered their price objective on Enphase Energy from $150.00 to $148.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Oppenheimer raised their price objective on Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group lowered Enphase Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $135.00 to $111.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $141.58.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 24,285 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the sale, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,285 shares of company stock worth $4,054,428. 3.40% of the stock is owned by corporate insiders.

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.