Stifel Financial Corp Sells 126,212 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Stifel Financial Corp lessened its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,835 shares of the semiconductor company’s stock after selling 126,212 shares during the quarter. Stifel Financial Corp owned about 0.17% of SolarEdge Technologies worth $9,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. bought a new stake in SolarEdge Technologies during the third quarter worth approximately $25,000. Manchester Capital Management LLC boosted its holdings in shares of SolarEdge Technologies by 1,345.0% during the 4th quarter. Manchester Capital Management LLC now owns 289 shares of the semiconductor company’s stock worth $27,000 after buying an additional 269 shares during the period. GAMMA Investing LLC acquired a new position in SolarEdge Technologies in the 4th quarter valued at $30,000. 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 worth $36,000 after acquiring an additional 183 shares during the period. Finally, Compagnie Lombard Odier SCmA lifted its position in SolarEdge Technologies by 250.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SEDG. TD Cowen lowered their price target on SolarEdge Technologies from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Piper Sandler cut their price target on SolarEdge Technologies from $105.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Mizuho lowered their price objective on shares of SolarEdge Technologies from $104.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Susquehanna cut shares of SolarEdge Technologies from a “positive” rating to a “neutral” rating and cut their target price for the company from $92.00 to $56.00 in a research note on Monday, May 13th. Finally, Northland Securities lowered shares of SolarEdge Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of “Hold” and an average price target of $86.38.

Check Out Our Latest Analysis on SEDG

SolarEdge Technologies Price Performance

Shares of SEDG stock opened at $48.92 on Thursday. The company has a current ratio of 4.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $57.85 and its 200-day moving average is $70.40. SolarEdge Technologies, Inc. has a 1 year low of $46.86 and a 1 year high of $299.99.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $204.40 million during the quarter, compared to the consensus estimate 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.

SolarEdge Technologies Company 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.

See Also

Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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