5 Best Tech Stocks To Buy On the Dip

3. Enphase Energy, Inc. (NASDAQ:ENPH)

Number of Hedge Fund Holders: 40

Decline in Share Price YTD: 49%

Enphase Energy, Inc. (NASDAQ:ENPH) markets home energy solutions and has operations across the world. On December 19, investment advisory Piper Sandler maintained a Neutral rating on Enphase Energy, Inc. (NASDAQ:ENPH) stock and raised the price target to $120 from $75. 

At the end of the third quarter of 2023, 40 hedge funds in the database of Insider Monkey held stakes worth $521 million in Enphase Energy, Inc. (NASDAQ:ENPH), compared to 50 the preceding quarter worth $772 million.