Caxton Associates LLP Acquires 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 shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 257,378 shares of the semiconductor company's stock, valued at approximately $4,164,000. Caxton Associates LLP owned 0.44% of SolarEdge Technologies at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew 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 valued at $26,000 after purchasing an additional 790 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in SolarEdge Technologies by 60.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 600 shares during the period. Banque Cantonale Vaudoise acquired a new position in SolarEdge Technologies during the first quarter valued at approximately $35,000. US Bancorp DE lifted its stake in SolarEdge Technologies by 25.2% in the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock valued at $74,000 after buying an additional 918 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in SolarEdge Technologies by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock valued at $127,000 after buying an additional 1,921 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of SolarEdge Technologies from $20.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. TD Cowen lifted their price target on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Jefferies Financial Group boosted their price objective on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a research report on Monday, July 14th. BNP Paribas raised shares of SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. Finally, Northland Capmk raised shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Seventeen investment 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 has a consensus rating of "Reduce" and an average price target of $18.37.

SolarEdge Technologies Stock Performance

NASDAQ SEDG traded down $0.52 on Friday, hitting $28.97. 3,114,018 shares of the stock were exchanged, compared to its average volume of 4,586,172. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The business's fifty day moving average is $28.80 and its 200 day moving average is $20.92. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $35.77. The company has a market capitalization of $1.72 billion, a PE ratio of -0.97 and a beta of 1.50.

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, 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 for the quarter, compared to analyst estimates of $270.03 million. During the same period in the prior year, the firm posted ($1.79) earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal 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.