Baillie Gifford & Co. Boosts Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Baillie Gifford & Co. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 period. Baillie Gifford & Co. owned 0.06% of Enphase Energy worth $574,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Enphase Energy in the third quarter valued at $1,273,000. Charles Schwab Investment Management Inc. boosted its stake in Enphase Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after acquiring an additional 16,234 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Enphase Energy in the third quarter valued at $37,475,000. Mizuho Securities USA LLC boosted its stake in Enphase Energy by 4,177.9% in the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock worth $25,555,000 after buying an additional 31,008 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Up 2.2 %

Shares of NASDAQ:ENPH opened at $63.94 on Monday. The company has a quick ratio of 3.88, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The stock’s fifty day simple moving average is $67.61 and its 200-day simple moving average is $86.35. The company has a market capitalization of $8.64 billion, a P/E ratio of 86.41, a P/E/G ratio of 8.78 and a beta of 1.68.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, equities research analysts forecast that Enphase Energy, Inc. will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the subject of several recent research reports. Hsbc Global Res downgraded shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. HSBC downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from $154.00 to $81.00 in a research note on Friday, November 8th. Piper Sandler decreased their target price on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Evercore ISI decreased their target price on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Bank of America decreased their target price on shares of Enphase Energy from $72.00 to $62.00 and set an “underperform” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and a consensus price target 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.