SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 53.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,221 shares of the semiconductor company’s stock after buying an additional 7,775 shares during the period. SG Americas Securities LLC’s holdings in SolarEdge Technologies were worth $2,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in SolarEdge Technologies by 3.8% in the third quarter. Vanguard Group Inc. now owns 2,529,274 shares of the semiconductor company’s stock valued at $327,566,000 after acquiring an additional 92,230 shares during the period. Baillie Gifford & Co. boosted its position in SolarEdge Technologies by 89.3% during the 3rd quarter. Baillie Gifford & Co. now owns 1,770,501 shares of the semiconductor company’s stock valued at $229,298,000 after purchasing an additional 835,290 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in SolarEdge Technologies by 108.5% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,495,069 shares of the semiconductor company’s stock worth $193,626,000 after buying an additional 778,034 shares during the last quarter. Geode Capital Management LLC increased its position in SolarEdge Technologies by 1.4% in the first quarter. Geode Capital Management LLC now owns 975,405 shares of the semiconductor company’s stock worth $295,685,000 after buying an additional 12,999 shares during the period. Finally, Impax Asset Management Group plc lifted its stake in SolarEdge Technologies by 46.3% in the third quarter. Impax Asset Management Group plc now owns 939,386 shares of the semiconductor company’s stock valued at $121,067,000 after buying an additional 297,089 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 9.9 %

NASDAQ:SEDG opened at $69.69 on Thursday. The stock has a fifty day simple moving average of $70.92 and a 200 day simple moving average of $87.80. The company has a quick ratio of 2.08, a current ratio of 3.70 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 154.87 and a beta of 1.50. SolarEdge Technologies, Inc. has a 1-year low of $60.44 and a 1-year high of $322.19.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, topping the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. The business had revenue of $316.04 million for the quarter, compared to the consensus estimate of $319.97 million. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -3.78 earnings per share for the current year.

Wall Street Analyst Weigh In

SEDG has been the topic of a number of analyst reports. Scotiabank dropped their price objective on shares of SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 21st. Canaccord Genuity Group initiated coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price target on the stock. The Goldman Sachs Group reduced their price objective on SolarEdge Technologies from $83.00 to $71.00 and set a “sell” rating for the company in a research report on Wednesday, January 24th. Mizuho lowered their target price on SolarEdge Technologies from $119.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company cut their target price on SolarEdge Technologies from $91.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.69.

Check Out Our Latest Research Report on SEDG

Insiders Place Their Bets

In other SolarEdge Technologies news, Director More Avery bought 7,000 shares of SolarEdge Technologies stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the acquisition, 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 accessible through the SEC website. Corporate insiders own 1.17% of the company’s stock.

About SolarEdge Technologies

(Free Report)

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.

Further Reading

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

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