SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd cut its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,513 shares of the semiconductor company’s stock after selling 1,098 shares during the quarter. SolarEdge Technologies makes up approximately 1.9% of Y.D. More Investments Ltd’s holdings, making the stock its 16th largest holding. Y.D. More Investments Ltd owned about 0.18% of SolarEdge Technologies worth $9,595,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of SolarEdge Technologies during the third quarter worth approximately $25,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in SolarEdge Technologies by 194.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 277 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of SolarEdge Technologies by 4,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 410 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 400 shares during the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of SolarEdge Technologies by 4,066.7% during the 3rd quarter. NewSquare Capital LLC now owns 500 shares of the semiconductor company’s stock worth $65,000 after buying an additional 488 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank cut their target price on shares of SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 21st. Canaccord Genuity Group initiated coverage on shares of SolarEdge Technologies in a research report on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price objective for the company. BMO Capital Markets reduced their target price on shares of SolarEdge Technologies from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 21st. Canaccord Genuity Group reaffirmed a “hold” rating and set a $75.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, February 21st. Finally, Mizuho lowered their target price on SolarEdge Technologies from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.38.

Insider Buying and Selling

In other SolarEdge Technologies news, Director More Avery acquired 7,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the purchase, the director now directly owns 77,446 shares of the company’s stock, valued at $5,246,966.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.17% of the stock is currently owned by corporate insiders.

SolarEdge Technologies Stock Down 0.9 %

Shares of SolarEdge Technologies stock traded down $0.55 on Wednesday, reaching $58.10. 2,116,026 shares of the company were exchanged, compared to its average volume of 2,364,868. SolarEdge Technologies, Inc. has a one year low of $53.59 and a one year high of $315.34. The company has a current ratio of 3.70, a quick ratio of 2.08 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $65.77 and a 200 day moving average of $76.03. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 131.58 and a beta of 1.51.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) EPS for the quarter, beating analysts’ consensus estimates of ($2.01) by $0.60. The firm had revenue of $316.04 million during the quarter, compared to analysts’ expectations of $319.97 million. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. On average, equities research analysts forecast that SolarEdge Technologies, Inc. will post -4.62 earnings per share for the current year.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.