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

Baillie Gifford & Co. raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,371,790 shares of the semiconductor company's stock after acquiring an additional 2,028,691 shares during the quarter. Baillie Gifford & Co. owned approximately 6.20% of Enphase Energy worth $574,975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DDD Partners LLC boosted its position in shares of Enphase Energy by 29.5% during the 4th quarter. DDD Partners LLC now owns 2,924 shares of the semiconductor company's stock worth $201,000 after acquiring an additional 666 shares in the last quarter. MN Wealth Advisors LLC boosted its position in shares of Enphase Energy by 61.7% during the 4th quarter. MN Wealth Advisors LLC now owns 10,159 shares of the semiconductor company's stock worth $698,000 after acquiring an additional 3,878 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Enphase Energy by 40.2% during the 4th quarter. V Square Quantitative Management LLC now owns 5,263 shares of the semiconductor company's stock worth $361,000 after acquiring an additional 1,508 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Enphase Energy by 53.4% during the 4th quarter. Vontobel Holding Ltd. now owns 91,749 shares of the semiconductor company's stock worth $6,301,000 after acquiring an additional 31,954 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Enphase Energy by 18.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 65,310 shares of the semiconductor company's stock worth $4,711,000 after acquiring an additional 10,398 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Down 0.3 %

Shares of ENPH traded down $0.21 during midday trading on Thursday, reaching $66.15. 2,665,206 shares of the company were exchanged, compared to its average volume of 3,877,029. The stock has a 50-day moving average price of $66.89 and a 200-day moving average price of $85.48. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 89.39 and a beta of 1.68. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

ENPH has been the subject of several analyst reports. Roth Mkm lowered their price objective on Enphase Energy from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, November 22nd. Barclays decreased their price objective on Enphase Energy from $91.00 to $86.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded Enphase Energy from a "hold" rating to an "underperform" rating and cut their target price for the stock from $93.00 to $61.00 in a research note on Thursday, November 7th. Finally, OTR Global raised Enphase Energy from a "negative" rating to a "mixed" rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $90.42.

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.