Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,343,099 shares of the semiconductor company's stock after buying an additional 58,040 shares during the period. Baillie Gifford & Co. owned 4.69% of Enphase Energy worth $716,897,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Norden Group LLC bought a new stake in Enphase Energy in the first quarter worth $209,000. Texas Permanent School Fund Corp increased its position in Enphase Energy by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 28,065 shares of the semiconductor company's stock valued at $3,395,000 after acquiring an additional 452 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Enphase Energy by 23.8% in the first quarter. Avantax Advisory Services Inc. now owns 8,306 shares of the semiconductor company's stock worth $1,005,000 after buying an additional 1,599 shares in the last quarter. ProShare Advisors LLC increased its position in Enphase Energy by 10.5% in the first quarter. ProShare Advisors LLC now owns 41,299 shares of the semiconductor company's stock worth $4,996,000 after buying an additional 3,911 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its stake in shares of Enphase Energy by 305.8% in the first quarter. Motley Fool Asset Management LLC now owns 10,044 shares of the semiconductor company's stock worth $1,215,000 after acquiring an additional 7,569 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ENPH shares. Craig Hallum dropped their price target on Enphase Energy from $153.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group lowered Enphase Energy from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $93.00 to $61.00 in a research note on Thursday, November 7th. William Blair began coverage on Enphase Energy in a research note on Thursday, August 29th. They issued a "market perform" rating for the company. The Goldman Sachs Group lowered their price objective on Enphase Energy from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Enphase Energy from $130.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Enphase Energy currently has an average rating of "Hold" and an average target price of $103.39.

Enphase Energy Price Performance

NASDAQ ENPH traded down $3.75 during trading hours on Tuesday, reaching $59.91. The company's stock had a trading volume of 5,085,462 shares, compared to its average volume of 3,971,772. The company's 50-day moving average is $99.33 and its two-hundred day moving average is $109.15. Enphase Energy, Inc. has a 1-year low of $59.38 and a 1-year high of $141.63. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 140.27, a P/E/G ratio of 7.51 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.12). The firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy's revenue was down 30.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. On average, equities analysts predict that Enphase Energy, Inc. will post 0.92 EPS for the current year.

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.