Algert Global LLC Cuts Stock Holdings in SolarEdge Technologies, Inc. $SEDG

Algert Global LLC lowered its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 49.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,120 shares of the semiconductor company's stock after selling 55,690 shares during the quarter. Algert Global LLC owned 0.09% of SolarEdge Technologies worth $3,338,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UBS Group AG raised its stake in shares of SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company's stock valued at $121,471,000 after acquiring an additional 655,925 shares during the last quarter. Vanguard Group Inc. lifted its holdings in SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company's stock worth $97,169,000 after buying an additional 175,582 shares during the period. Invesco Ltd. increased its stake in shares of SolarEdge Technologies by 28.6% during the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company's stock valued at $62,599,000 after buying an additional 483,052 shares during the period. Electron Capital Partners LLC boosted its holdings in SolarEdge Technologies by 107.8% in the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company's stock valued at $64,105,000 after acquiring an additional 898,802 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in SolarEdge Technologies by 13.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company's stock worth $37,781,000 after buying an additional 155,624 shares during the period. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock opened at $31.41 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85. The stock's fifty day moving average price is $43.70 and its 200-day moving average price is $46.44. The firm has a market cap of $1.93 billion, a P/E ratio of -6.98 and a beta of 1.49. SolarEdge Technologies, Inc. has a 12 month low of $28.21 and a 12 month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $346.20 million for the quarter, compared to the consensus estimate of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The company's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.81) EPS. On average, equities research analysts expect that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SEDG shares. Deutsche Bank Aktiengesellschaft cut their target price on SolarEdge Technologies from $42.00 to $39.00 and set a "hold" rating on the stock in a research note on Thursday, May 7th. UBS Group upgraded shares of SolarEdge Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $36.00 to $42.00 in a research note on Wednesday. Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They issued an "equal weight" rating and a $36.00 price objective for the company. Barclays lowered their price target on SolarEdge Technologies from $53.00 to $37.00 and set an "equal weight" rating on the stock in a report on Thursday, August 6th. Finally, Susquehanna decreased their target price on shares of SolarEdge Technologies from $56.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $38.36.

About SolarEdge Technologies

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.

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