SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 95.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,430 shares of the semiconductor company’s stock after selling 51,178 shares during the quarter. Daiwa Securities Group Inc.’s holdings in SolarEdge Technologies were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in SolarEdge Technologies by 3.8% during the third quarter. Vanguard Group Inc. now owns 2,529,274 shares of the semiconductor company’s stock worth $327,566,000 after buying an additional 92,230 shares during the period. Baillie Gifford & Co. increased its position in SolarEdge Technologies by 89.3% during the third quarter. Baillie Gifford & Co. now owns 1,770,501 shares of the semiconductor company’s stock worth $229,298,000 after buying an additional 835,290 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in SolarEdge Technologies by 108.5% during the third 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 period. Harel Insurance Investments & Financial Services Ltd. increased its position in SolarEdge Technologies by 10.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 984,901 shares of the semiconductor company’s stock worth $92,210,000 after buying an additional 89,279 shares during the period. Finally, Impax Asset Management Group plc increased its position in SolarEdge Technologies by 1.6% during the fourth quarter. Impax Asset Management Group plc now owns 954,264 shares of the semiconductor company’s stock worth $88,890,000 after buying an additional 14,878 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank of Canada dropped their target price on SolarEdge Technologies from $85.00 to $77.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 21st. Barclays boosted their target price on SolarEdge Technologies from $50.00 to $61.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. DZ Bank assumed coverage on SolarEdge Technologies in a report on Wednesday, April 17th. They issued a “hold” rating and a $62.00 target price on the stock. Scotiabank dropped their target price on SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 21st. Finally, Mizuho dropped their target price on SolarEdge Technologies from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.38.

Insider Activity

In related news, Director More Avery acquired 7,000 shares of SolarEdge Technologies stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.17% of the company’s stock.

SolarEdge Technologies Stock Up 2.8 %

SEDG opened at $58.20 on Friday. The business’s fifty day moving average is $66.79 and its two-hundred day moving average is $77.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.08 and a current ratio of 3.70. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 129.33 and a beta of 1.51. SolarEdge Technologies, Inc. has a one year low of $53.59 and a one year high of $315.34.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $319.97 million. Analysts anticipate that SolarEdge Technologies, Inc. will post -4.62 EPS for the current fiscal year.

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.