Caxton Associates LLP Purchases Shares of 257,378 SolarEdge Technologies, Inc. $SEDG

Key Points

• Caxton Associates LLP acquired 257,378 shares of SolarEdge Technologies, valued at approximately $4.16 million, marking a new investment in the company.
• SolarEdge reported a revenue increase of 9% year-over-year in its last quarterly earnings, with reported revenue of $289.43 million, meeting analysts' estimates.
• The stock currently holds a market cap of $2.04 billion and has been rated with a consensus of "Reduce" and a target price averaging around $18.20.

Caxton Associates LLP purchased a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 257,378 shares of the semiconductor company's stock, valued at approximately $4,164,000. Caxton Associates LLP owned about 0.44% of SolarEdge Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 600 shares during the period. Deutsche Bank AG boosted its stake in SolarEdge Technologies by 0.5% during the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company's stock worth $2,407,000 after purchasing an additional 766 shares during the last quarter. Fifth Third Bancorp boosted its position 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 acquiring an additional 790 shares during the last quarter. US Bancorp DE boosted its position in shares of SolarEdge Technologies by 25.2% during the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock valued at $74,000 after acquiring an additional 918 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of SolarEdge Technologies by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company's stock valued at $1,075,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.

SolarEdge Technologies Stock Up 0.8%

NASDAQ SEDG opened at $34.42 on Monday. The stock has a market cap of $2.04 billion, a PE ratio of -1.15 and a beta of 1.49. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $35.77. The business has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $20.53. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted 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). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The business had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. During the same period in the prior year, the company posted ($1.79) EPS. The business's revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim upped their target price on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the stock a "sell" rating in a research note on Monday, August 25th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $27.00 price target on shares of SolarEdge Technologies in a report on Wednesday, July 9th. BNP Paribas upgraded shares of SolarEdge Technologies to a "strong sell" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $23.00 price objective (up previously from $18.00) on shares of SolarEdge Technologies in a research report on Tuesday, July 15th. Finally, KeyCorp upgraded SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Seventeen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $18.20.

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.

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