SolarEdge Technologies, Inc. $SEDG Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,352 shares of the semiconductor company’s stock after acquiring an additional 486 shares during the quarter. Maryland State Retirement & Pension System’s holdings in SolarEdge Technologies were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in shares of SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 508 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in shares of SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 600 shares during the period. Deutsche Bank AG increased its holdings in shares of SolarEdge Technologies by 0.5% in the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company’s stock valued at $2,407,000 after acquiring an additional 766 shares during the period. Fifth Third Bancorp increased 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 valued at $26,000 after acquiring an additional 790 shares during the period. Finally, US Bancorp DE increased its holdings in shares of 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. 95.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SEDG shares. Wells Fargo & Company lifted their target price on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Glj Research cut 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. Wall Street Zen upgraded shares of SolarEdge Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group lifted their price objective 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. Finally, Mizuho lifted their price objective on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Eighteen research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $19.76.

SolarEdge Technologies Trading Up 3.5%

NASDAQ:SEDG opened at $37.73 on Wednesday. The company has a market capitalization of $2.24 billion, a PE ratio of -1.26 and a beta of 1.58. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $41.92. The stock has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $24.00.

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

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.