SolarEdge Technologies, Inc. $SEDG Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 30.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,001 shares of the semiconductor company’s stock after selling 5,573 shares during the period. Cresset Asset Management LLC’s holdings in SolarEdge Technologies were worth $210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. acquired a new position in shares of SolarEdge Technologies in the 1st quarter valued at approximately $345,000. Fox Run Management L.L.C. acquired a new stake in SolarEdge Technologies in the first quarter valued at $746,000. Public Sector Pension Investment Board boosted its stake in SolarEdge Technologies by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 183,776 shares of the semiconductor company’s stock valued at $2,973,000 after acquiring an additional 39,419 shares during the last quarter. Nuveen LLC acquired a new position in SolarEdge Technologies during the 1st quarter worth $1,092,000. Finally, Entropy Technologies LP bought a new stake in shares of SolarEdge Technologies in the 1st quarter worth about $594,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SEDG. Mizuho increased their price target on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 target price (up previously from $18.00) on shares of SolarEdge Technologies in a report on Tuesday, July 15th. BNP Paribas upgraded SolarEdge Technologies to a “strong sell” rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded SolarEdge Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Glj Research lowered SolarEdge Technologies from a “hold” rating to a “strong sell” rating and set a $6.90 price target on the stock. in a research report on Tuesday, June 17th. Eighteen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $18.20.

SolarEdge Technologies Stock Up 0.8%

SolarEdge Technologies stock opened at $32.25 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $34.36. The company has a 50-day simple moving average of $25.73 and a 200-day simple moving average of $19.53. The firm has a market capitalization of $1.92 billion, a P/E ratio of -1.08 and a beta of 1.56.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm had revenue of $289.43 million during the quarter, compared to analyst estimates of $270.03 million. During the same period in the previous year, the business posted ($1.79) EPS. SolarEdge Technologies’s revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that SolarEdge Technologies, Inc. will post -4.54 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.