Counterpoint Mutual Funds LLC Buys Shares of 13,054 SolarEdge Technologies, Inc. $SEDG

Counterpoint Mutual Funds LLC purchased a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,054 shares of the semiconductor company’s stock, valued at approximately $483,000.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its stake in SolarEdge Technologies by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 302 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of SolarEdge Technologies by 6.7% during the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after buying an additional 404 shares in the last quarter. Tidal Investments LLC raised its position in shares of SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after buying an additional 484 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of SolarEdge Technologies by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 530 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in SolarEdge Technologies by 28.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 553 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock opened at $43.07 on Wednesday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 1.66. SolarEdge Technologies, Inc. has a 12 month low of $11.00 and a 12 month high of $48.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48. The stock’s 50-day moving average is $33.25 and its 200-day moving average is $34.08.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $333.80 million during the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The company’s revenue was up 70.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($3.52) EPS. Equities analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Barclays upped their target price on SolarEdge Technologies from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered their price target on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a report on Friday, February 20th. Finally, TD Cowen increased their price objective on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Reduce” and an average price target of $27.28.

SolarEdge Technologies Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.