Citigroup Inc. Has $15.48 Million Stake in SolarEdge Technologies, Inc. $SEDG

Citigroup Inc. cut its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 418,463 shares of the semiconductor company’s stock after selling 66,563 shares during the period. Citigroup Inc. owned approximately 0.70% of SolarEdge Technologies worth $15,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its holdings in shares of SolarEdge Technologies by 323.2% in the third quarter. Y.D. More Investments Ltd now owns 4,655 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 3,555 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in SolarEdge Technologies by 7.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 530 shares in the last quarter. Public Sector Pension Investment Board boosted its position in SolarEdge Technologies by 15.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock worth $8,569,000 after acquiring an additional 30,264 shares during the last quarter. Rhumbline Advisers grew its stake in shares of SolarEdge Technologies by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 83,480 shares of the semiconductor company’s stock worth $3,089,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of SolarEdge Technologies in the third quarter valued at approximately $752,000. Institutional investors own 95.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley increased their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Raymond James Financial assumed coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group upped their target price on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $27.28.

SolarEdge Technologies Trading Down 12.4%

SolarEdge Technologies stock opened at $35.40 on Friday. The stock has a 50-day simple moving average of $33.88 and a 200 day simple moving average of $34.26. The stock has a market capitalization of $2.14 billion, a P/E ratio of -5.15 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. SolarEdge Technologies, Inc. has a 52 week low of $11.00 and a 52 week high of $48.60.

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

SolarEdge Technologies Company 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.