SolarEdge Technologies, Inc. $SEDG Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,460 shares of the semiconductor company’s stock after selling 4,008 shares during the quarter. Rhumbline Advisers owned about 0.13% of SolarEdge Technologies worth $1,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 790 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of SolarEdge Technologies by 60.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of SolarEdge Technologies in the first quarter valued at approximately $35,000. US Bancorp DE lifted its position in SolarEdge Technologies by 25.2% during the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock worth $74,000 after buying an additional 918 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in SolarEdge Technologies by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company’s stock worth $127,000 after buying an additional 1,921 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BNP Paribas Exane downgraded SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Wednesday, July 16th. Barclays raised shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $12.00 to $29.00 in a report on Monday, July 14th. Northland Securities raised shares of SolarEdge Technologies from an “under perform” rating to a “market perform” rating and set a $15.50 target price on the stock in a research note on Friday, May 23rd. Glj Research lowered shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating and set a $6.90 target price on the stock. in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group lifted their price target on shares of SolarEdge Technologies from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. According to data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and an average price target of $18.54.

SolarEdge Technologies Price Performance

SEDG stock opened at $35.45 on Friday. The business’s 50-day moving average is $29.50 and its two-hundred day moving average is $21.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The firm has a market capitalization of $2.11 billion, a P/E ratio of -1.18 and a beta of 1.50. SolarEdge Technologies, Inc. has a 1 year low of $10.24 and a 1 year high of $36.58.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $270.03 million. During the same period in the prior year, the firm earned ($1.79) earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal 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.