SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Purchased by Cwm LLC

Cwm LLC raised its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 92.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,250 shares of the semiconductor company’s stock after purchasing an additional 602 shares during the period. Cwm LLC’s holdings in SolarEdge Technologies were worth $117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in SolarEdge Technologies by 12.4% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 530,501 shares of the semiconductor company’s stock worth $49,673,000 after purchasing an additional 58,690 shares during the last quarter. Everence Capital Management Inc. increased its position in SolarEdge Technologies by 106.4% during the fourth quarter. Everence Capital Management Inc. now owns 9,370 shares of the semiconductor company’s stock worth $877,000 after purchasing an additional 4,830 shares during the last quarter. 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 purchasing an additional 89,279 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in SolarEdge Technologies during the fourth quarter worth approximately $2,986,000. Finally, Perigon Wealth Management LLC increased its position in SolarEdge Technologies by 58.7% during the fourth quarter. Perigon Wealth Management LLC now owns 4,532 shares of the semiconductor company’s stock worth $424,000 after purchasing an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Insider Activity at SolarEdge Technologies

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 shares were purchased 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 in the company, valued at approximately $5,246,966.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group assumed coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 16th. They set a “hold” rating and a $80.00 price objective for the company. DZ Bank initiated coverage on shares of SolarEdge Technologies in a research note on Wednesday, April 17th. They set a “hold” rating and a $62.00 price objective for the company. Piper Sandler lowered their price target on shares of SolarEdge Technologies from $105.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Truist Financial lowered their price target on shares of SolarEdge Technologies from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Finally, Wells Fargo & Company lowered their price target on shares of SolarEdge Technologies from $91.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.38.

SolarEdge Technologies Trading Down 0.6 %

SolarEdge Technologies stock opened at $60.07 on Tuesday. The company has a market cap of $3.44 billion, a P/E ratio of 133.49 and a beta of 1.53. The firm’s 50-day moving average is $64.97 and its 200-day moving average is $74.29. SolarEdge Technologies, Inc. has a 1 year low of $53.59 and a 1 year high of $315.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.08 and a current ratio of 3.70.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, beating the consensus estimate of ($2.01) by $0.60. The firm had revenue of $316.04 million for the quarter, compared to the consensus estimate of $319.97 million. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. On average, equities analysts expect that SolarEdge Technologies, Inc. will post -4.68 earnings per share for the current year.

SolarEdge Technologies Profile

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.