SolarEdge Technologies, Inc. $SEDG Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in SolarEdge Technologies by 8.9%, now owning 0.16% of the company with holdings valued at approximately $1.44 million.
• SolarEdge Technologies reported a quarterly revenue of $289.43 million, surpassing analyst estimates, despite posting an earnings per share of ($0.81).
• Analyst ratings for SolarEdge Technologies include a mix of holds and sells, with a consensus price target set at $18.37.

Amundi reduced its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,644 shares of the semiconductor company's stock after selling 9,176 shares during the period. Amundi owned about 0.16% of SolarEdge Technologies worth $1,444,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SEDG. Fifth Third Bancorp boosted its holdings in SolarEdge Technologies by 93.7% during the first quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after buying an additional 790 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in SolarEdge Technologies during the first quarter worth $35,000. US Bancorp DE boosted its holdings in SolarEdge Technologies by 25.2% during the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after buying an additional 918 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in SolarEdge Technologies by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock worth $127,000 after buying an additional 1,921 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in SolarEdge Technologies during the fourth quarter worth $145,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $12.00 to $29.00 in a report on Monday, July 14th. TD Cowen increased their price objective on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a report on Friday, August 8th. Mizuho increased their price objective on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Roth Capital increased their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Seventeen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $18.37.

SolarEdge Technologies Trading Up 1.8%

SolarEdge Technologies stock traded up $0.60 during midday trading on Thursday, hitting $34.71. 4,754,034 shares of the stock were exchanged, compared to its average volume of 4,030,908. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $35.77. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -1.16 and a beta of 1.50. The stock's 50-day simple moving average is $29.31 and its 200 day simple moving average is $21.37. 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 released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The firm had revenue of $289.43 million during the quarter, compared to analysts' expectations of $270.03 million. During the same period last year, the business earned ($1.79) earnings per share. SolarEdge Technologies's revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

SolarEdge Technologies Company 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.