Shell Asset Management Co. Has $1.38 Million Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Shell Asset Management Co. trimmed its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,784 shares of the semiconductor company’s stock after selling 5,194 shares during the period. Shell Asset Management Co.’s holdings in SolarEdge Technologies were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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.

Analyst Ratings Changes

Several research analysts recently commented on the company. Janney Montgomery Scott cut SolarEdge Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd. Scotiabank lowered their target price on SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 21st. B. Riley lowered their target price on SolarEdge Technologies from $133.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $71.00 target price on shares of SolarEdge Technologies in a research note on Friday. Finally, Susquehanna lowered SolarEdge Technologies from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $56.00 in a research note on Monday, May 13th. Four research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Hold” and a consensus price target of $86.38.

Get Our Latest Stock Report on SolarEdge Technologies

SolarEdge Technologies Stock Up 1.3 %

SEDG stock opened at $46.89 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.19 and a current ratio of 4.54. The stock’s 50 day simple moving average is $56.49 and its 200 day simple moving average is $69.73. The company has a market cap of $2.69 billion, a P/E ratio of -10.08 and a beta of 1.62. SolarEdge Technologies, Inc. has a fifty-two week low of $44.07 and a fifty-two week high of $292.49.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($2.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.07) by ($0.35). The business 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%. On average, research analysts expect that SolarEdge Technologies, Inc. will post -6.08 earnings per share 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.

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

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