Corient Private Wealth LLC Has $616,000 Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Corient Private Wealth LLC raised its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 93.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,583 shares of the semiconductor company’s stock after acquiring an additional 3,183 shares during the period. Corient Private Wealth LLC’s holdings in SolarEdge Technologies were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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. 95.10% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock opened at $48.92 on Thursday. The stock’s fifty day moving average price is $57.85 and its two-hundred day moving average price is $70.40. The firm has a market cap of $2.80 billion, a PE ratio of -10.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.54 and a quick ratio of 2.19. SolarEdge Technologies, Inc. has a one year low of $46.86 and a one year high of $299.99.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($2.42) EPS for the quarter, missing analysts’ consensus estimates of ($2.07) by ($0.35). The company had revenue of $204.40 million during the quarter, compared to analyst estimates of $194.82 million. SolarEdge Technologies had a negative net margin of 11.68% and a negative return on equity of 6.43%. As a group, research analysts expect that SolarEdge Technologies, Inc. will post -6.08 EPS for the current fiscal year.

Analyst Ratings Changes

SEDG has been the subject of several recent research reports. Northland Capmk cut SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. TD Cowen reduced their price objective on SolarEdge Technologies from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Bank of America dropped their target price on SolarEdge Technologies from $54.00 to $44.00 and set an “underperform” rating on the stock in a report on Friday, May 10th. Canaccord Genuity Group dropped their target price on SolarEdge Technologies from $75.00 to $58.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Finally, Barclays upped their target price on SolarEdge Technologies from $50.00 to $61.00 and gave the stock an “underweight” rating in a report on Tuesday, April 16th. Four equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.38.

Check Out Our Latest Stock Analysis on SolarEdge Technologies

SolarEdge Technologies Profile

(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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