Bank of America Corp DE Purchases 277,385 Shares of SolarEdge Technologies, Inc. $SEDG

Bank of America Corp DE lifted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 218.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 404,297 shares of the semiconductor company's stock after buying an additional 277,385 shares during the quarter. Bank of America Corp DE owned about 0.66% of SolarEdge Technologies worth $20,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SEDG. Oregon Public Employees Retirement Fund lifted its holdings in SolarEdge Technologies by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,677 shares of the semiconductor company's stock valued at $395,000 after buying an additional 300 shares during the period. State of Wyoming boosted its position in shares of SolarEdge Technologies by 32.9% during the 1st quarter. State of Wyoming now owns 1,237 shares of the semiconductor company's stock valued at $63,000 after purchasing an additional 306 shares in the last quarter. Rakuten Securities Inc. grew its stake in SolarEdge Technologies by 82.1% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 432 shares during the period. Tidal Investments LLC grew its stake in SolarEdge Technologies by 1.2% during the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company's stock worth $865,000 after purchasing an additional 484 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 553 shares in the last quarter. Institutional investors own 95.10% of the company's stock.

Analyst Upgrades and Downgrades

SEDG has been the topic of several recent analyst reports. Citigroup dropped their price target on SolarEdge Technologies from $30.00 to $27.00 and set a "sell" rating on the stock in a research note on Thursday, May 7th. Royal Bank Of Canada lowered their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a "sector perform" rating for the company in a research note on Thursday, August 6th. TD Cowen dropped their target price on shares of SolarEdge Technologies from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. UBS Group increased their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Finally, Glj Research restated a "sell" rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $36.20.

SolarEdge Technologies Trading Down 3.2%

NASDAQ:SEDG opened at $29.82 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. SolarEdge Technologies, Inc. has a one year low of $28.21 and a one year high of $81.25. The company has a market cap of $1.83 billion, a PE ratio of -6.63 and a beta of 1.49. The firm has a 50-day moving average of $47.89 and a 200-day moving average of $46.61.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $346.20 million for the quarter, compared to analysts' expectations of $341.15 million. SolarEdge Technologies had a negative net margin of 20.29% and a negative return on equity of 29.17%. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.81) EPS. As a group, equities research analysts expect that SolarEdge Technologies, Inc. will post -1.28 EPS for the current fiscal year.

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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