Amundi Cuts Stake in SolarEdge Technologies, Inc. $SEDG

Amundi reduced its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 8.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 93,644 shares of the semiconductor company’s stock after selling 9,176 shares during the quarter. Amundi owned 0.16% of SolarEdge Technologies worth $1,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock worth $26,000 after buying an additional 790 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in SolarEdge Technologies in the 1st quarter valued at about $35,000. US Bancorp DE raised its stake in SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 918 shares during the period. PNC Financial Services Group Inc. raised its stake in SolarEdge Technologies by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 1,921 shares during the period. Finally, GAMMA Investing LLC raised its stake in SolarEdge Technologies by 71.9% in the 1st quarter. GAMMA Investing LLC now owns 9,047 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 3,783 shares during the period. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Down 1.8%

SEDG stock opened at $28.97 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.72 billion, a PE ratio of -0.97 and a beta of 1.50. SolarEdge Technologies, Inc. has a twelve month low of $10.24 and a twelve month high of $35.77. The stock has a 50-day simple moving average of $28.80 and a two-hundred day simple moving average of $20.92.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SEDG. The Goldman Sachs Group boosted their price objective on SolarEdge Technologies from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen boosted their price objective on SolarEdge Technologies from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Oppenheimer restated a “market perform” rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. BNP Paribas upgraded SolarEdge Technologies to a “strong sell” rating in a research note on Wednesday, July 16th. Finally, Northland Capmk upgraded SolarEdge Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 23rd. Seventeen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus price target of $18.37.

About SolarEdge Technologies

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.