American Century Companies Inc. Makes New Investment in SolarEdge Technologies, Inc. $SEDG

Key Points

• American Century Companies Inc. acquired 21,298 shares of SolarEdge Technologies, valued at approximately $345,000, during the first quarter.
• Various institutional investors have significantly increased their holdings in SolarEdge Technologies, including GAMMA Investing LLC which boosted its shares by 2,680.8%.
• SolarEdge Technologies reported a quarterly revenue of $289.43 million, exceeding analysts' expectations, despite posting earnings per share of ($0.81).

American Century Companies Inc. acquired a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,298 shares of the semiconductor company's stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of SolarEdge Technologies by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock worth $48,993,000 after acquiring an additional 126,246 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in SolarEdge Technologies in the 4th quarter worth approximately $17,909,000. Two Sigma Investments LP increased its position in shares of SolarEdge Technologies by 1.3% during the 4th quarter. Two Sigma Investments LP now owns 1,254,397 shares of the semiconductor company's stock valued at $17,060,000 after purchasing an additional 16,258 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in SolarEdge Technologies by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company's stock valued at $15,781,000 after acquiring an additional 18,300 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of SolarEdge Technologies by 10,038.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock worth $17,945,000 after buying an additional 1,098,284 shares during the period. Institutional investors own 95.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, July 9th. BNP Paribas raised SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th. Barclays upgraded SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $12.00 to $29.00 in a report on Monday, July 14th. Oppenheimer reissued a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Finally, Guggenheim lifted their target price on SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a research note on Monday, August 25th. Seventeen investment analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of "Reduce" and an average target price of $18.20.

SolarEdge Technologies Stock Performance

Shares of SEDG traded down $0.68 during midday trading on Wednesday, reaching $29.36. The stock had a trading volume of 2,481,542 shares, compared to its average volume of 4,821,279. The firm has a 50 day simple moving average of $28.61 and a 200-day simple moving average of $20.71. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.74 billion, a PE ratio of -0.98 and a beta of 1.50. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $35.77.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.81). The company had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS 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.