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

Several other institutional investors have also added to or reduced their stakes in SEDG. Point72 Asset Management L.P. purchased a new stake in SolarEdge Technologies during the 4th quarter valued at $17,909,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of SolarEdge Technologies by 10,038.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock valued at $17,945,000 after buying an additional 1,098,284 shares during the period. Sphera Funds Management LTD. bought a new position in shares of SolarEdge Technologies during the 4th quarter valued at $5,100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SolarEdge Technologies by 156.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 612,392 shares of the semiconductor company's stock valued at $8,311,000 after buying an additional 373,577 shares during the period. Finally, ASR Vermogensbeheer N.V. bought a new position in shares of SolarEdge Technologies during the 1st quarter valued at $4,017,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock traded up $0.07 during trading on Thursday, reaching $29.49. The company had a trading volume of 3,182,419 shares, compared to its average volume of 4,583,843. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $35.77. The firm's 50-day simple moving average is $28.77 and its 200 day simple moving average is $20.85. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -0.98 and a beta of 1.50. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, hitting analysts' consensus estimates of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The company had revenue of $289.43 million for the quarter, compared to analysts' expectations of $270.03 million. During the same period last year, the firm earned ($1.79) EPS. SolarEdge Technologies's revenue for the quarter was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SEDG has been the topic of several research analyst reports. Guggenheim increased their price target on SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a report on Monday, August 25th. Jefferies Financial Group increased their price target on SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a report on Monday, July 14th. Susquehanna increased their price target on SolarEdge Technologies from $14.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, July 21st. BNP Paribas Exane cut SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price target on the stock. in a report on Wednesday, July 16th. Finally, Glj Research cut SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price target on the stock. in a report on Tuesday, June 17th. Seventeen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $18.37.

About SolarEdge Technologies

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.