SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 20,293.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,802 shares of the semiconductor company’s stock after buying an additional 103,293 shares during the period. International Assets Investment Management LLC’s holdings in SolarEdge Technologies were worth $9,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEDG. NBC Securities Inc. acquired a new stake in SolarEdge Technologies during the third quarter worth $25,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in SolarEdge Technologies by 194.7% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 277 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 183 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in SolarEdge Technologies by 4,000.0% in 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 buying an additional 400 shares during the period. NewSquare Capital LLC lifted its position in SolarEdge Technologies by 4,066.7% in the third quarter. NewSquare Capital LLC now owns 500 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 488 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in SolarEdge Technologies by 250.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 1.3 %

Shares of SEDG opened at $60.45 on Monday. SolarEdge Technologies, Inc. has a twelve month low of $53.59 and a twelve month 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 firm has a market capitalization of $3.46 billion, a P/E ratio of 134.33 and a beta of 1.53. The firm’s 50-day moving average is $65.11 and its two-hundred day moving average is $74.67.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.01) by $0.60. The business had revenue of $316.04 million for the quarter, compared to analysts’ expectations of $319.97 million. SolarEdge Technologies had a return on equity of 5.00% and a net margin of 1.15%. On average, research analysts predict that SolarEdge Technologies, Inc. will post -4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SEDG. Janney Montgomery Scott lowered shares of SolarEdge Technologies from a “buy” rating to a “neutral” rating in a report on Friday, March 22nd. Mizuho dropped their price objective 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. TD Cowen dropped their price target on shares of SolarEdge Technologies from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Scotiabank lowered their price objective on SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. Finally, 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. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.38.

Insider Activity

In other SolarEdge Technologies news, Director More Avery acquired 7,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 77,446 shares of the company’s stock, valued at $5,246,966.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.17% of the company’s stock.

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.