Caxton Associates LP Takes Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Caxton Associates LP bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 114,087 shares of the semiconductor company's stock, valued at approximately $1,552,000. Caxton Associates LP owned approximately 0.20% of SolarEdge Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in SolarEdge Technologies during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of SolarEdge Technologies by 401.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock valued at $33,000 after buying an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock valued at $53,000 after buying an additional 2,770 shares during the last quarter. R Squared Ltd purchased a new position in SolarEdge Technologies in the 4th quarter worth $61,000. Finally, GAMMA Investing LLC lifted its position in SolarEdge Technologies by 655.2% during the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 4,567 shares during the period. 95.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery bought 30,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $13.70 per share, with a total value of $411,000.00. Following the purchase, the chairman now directly owns 274,478 shares of the company's stock, valued at $3,760,348.60. This trade represents a 12.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SEDG shares. Susquehanna cut their price objective on SolarEdge Technologies from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays raised their price target on shares of SolarEdge Technologies from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 16th. UBS Group cut their price objective on shares of SolarEdge Technologies from $22.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday. Piper Sandler boosted their target price on shares of SolarEdge Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Finally, Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, April 25th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.32.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG traded up $3.54 during trading on Thursday, hitting $18.31. The company had a trading volume of 9,920,475 shares, compared to its average volume of 4,364,123. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -0.59 and a beta of 1.50. The stock has a fifty day simple moving average of $14.62 and a two-hundred day simple moving average of $14.64. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $56.52.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.26) by $0.12. The company had revenue of $219.48 million during the quarter, compared to analyst estimates of $205.39 million. SolarEdge Technologies had a negative return on equity of 95.05% and a negative net margin of 192.13%. SolarEdge Technologies's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned ($1.90) EPS. On average, research analysts expect that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current 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.