SolarEdge Technologies, Inc. (NASDAQ:SEDG) Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 59.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,493 shares of the semiconductor company’s stock after purchasing an additional 557 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SolarEdge Technologies were worth $140,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors grew its holdings in SolarEdge Technologies by 3.5% in the 4th quarter. Captrust Financial Advisors now owns 1,162 shares of the semiconductor company’s stock worth $329,000 after buying an additional 39 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in SolarEdge Technologies by 2.0% in the 1st quarter. United Capital Financial Advisers LLC now owns 2,394 shares of the semiconductor company’s stock worth $772,000 after buying an additional 46 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SolarEdge Technologies by 49.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 145 shares of the semiconductor company’s stock worth $41,000 after buying an additional 48 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in SolarEdge Technologies by 5.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,011 shares of the semiconductor company’s stock worth $286,000 after buying an additional 49 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in SolarEdge Technologies by 102.0% in the 4th quarter. Harbour Investments Inc. now owns 99 shares of the semiconductor company’s stock worth $28,000 after buying an additional 50 shares in the last quarter. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Price Performance

SEDG opened at $55.80 on Friday. The stock has a fifty day moving average of $69.40 and a 200-day moving average of $79.53. The firm has a market capitalization of $3.19 billion, a P/E ratio of 124.00 and a beta of 1.51. SolarEdge Technologies, Inc. has a 12-month low of $55.37 and a 12-month high of $321.61. The company has a quick ratio of 2.08, a current ratio of 3.70 and a debt-to-equity ratio of 0.28.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a return on equity of 5.00% and a net margin of 1.15%. The business had revenue of $316.04 million during the quarter, compared to analyst estimates of $319.97 million. Equities analysts forecast that SolarEdge Technologies, Inc. will post -4.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director More Avery acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average cost of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the acquisition, the director now owns 77,446 shares in the company, valued at $5,246,966.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SEDG shares. Canaccord Genuity Group reissued a “hold” rating and issued a $75.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, February 21st. StockNews.com raised SolarEdge Technologies to a “sell” rating in a research note on Thursday, December 28th. Barclays increased their price target on SolarEdge Technologies from $50.00 to $61.00 and gave the company an “underweight” rating in a research note on Tuesday, April 16th. Scotiabank decreased their price target on 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. Finally, Mizuho decreased their price target on SolarEdge Technologies from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.73.

About SolarEdge Technologies

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.