Brinker Capital Investments LLC Has $1.19 Million Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Brinker Capital Investments LLC decreased its position in SolarEdge Technologies, Inc. (NASDAQ:SEDGGet Rating) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,160 shares of the semiconductor company’s stock after selling 227 shares during the period. Brinker Capital Investments LLC’s holdings in SolarEdge Technologies were worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of SolarEdge Technologies by 79.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 95 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 42 shares during the last quarter. AllSquare Wealth Management LLC acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter worth about $27,000. Clear Street Markets LLC raised its holdings in shares of SolarEdge Technologies by 431.8% in the 2nd quarter. Clear Street Markets LLC now owns 117 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 95 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter worth about $31,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 80.01% of the company’s stock.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $294.73 on Friday. The company’s 50 day simple moving average is $302.40 and its two-hundred day simple moving average is $282.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.53 and a quick ratio of 2.72. The stock has a market capitalization of $16.48 billion, a PE ratio of 145.19, a P/E/G ratio of 1.23 and a beta of 1.28. SolarEdge Technologies, Inc. has a 1 year low of $190.15 and a 1 year high of $375.90.

SolarEdge Technologies (NASDAQ:SEDGGet Rating) last posted its quarterly earnings data on Monday, November 7th. The semiconductor company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.86). The company had revenue of $836.72 million for the quarter, compared to analysts’ expectations of $825.69 million. SolarEdge Technologies had a net margin of 4.11% and a return on equity of 5.75%. Analysts predict that SolarEdge Technologies, Inc. will post 2.96 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Meir Adest sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $315.96, for a total transaction of $1,579,800.00. Following the sale, the insider now owns 140,485 shares in the company, valued at approximately $44,387,640.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 12,500 shares of company stock worth $3,682,425. 1.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SEDG. B. Riley lowered their target price on shares of SolarEdge Technologies from $377.00 to $370.00 in a report on Tuesday, November 8th. Morgan Stanley upped their price objective on shares of SolarEdge Technologies from $344.00 to $374.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 10th. StockNews.com raised shares of SolarEdge Technologies to a “sell” rating in a research report on Friday, November 11th. Cowen upped their price objective on shares of SolarEdge Technologies from $309.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 5th. Finally, Bank of America raised shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $269.00 to $367.00 in a research report on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $347.40.

About SolarEdge Technologies

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SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.

See Also

Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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