Charles Schwab Investment Management Inc. Boosts Holdings in SolarEdge Technologies, Inc. $SEDG

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in SolarEdge Technologies by 2.5%, now owning approximately 533,758 shares valued at $8.6 million.
• Over 95% of SolarEdge Technologies' stock is held by institutional investors, indicating strong institutional support for the company.
• SolarEdge reported revenues of $289.43 million for the latest quarter, surpassing analyst expectations and showing a 9% year-over-year increase.

Charles Schwab Investment Management Inc. boosted its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,758 shares of the semiconductor company's stock after purchasing an additional 12,830 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.90% of SolarEdge Technologies worth $8,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after buying an additional 790 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of SolarEdge Technologies in the 1st quarter worth $35,000. US Bancorp DE increased its holdings in shares of SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after buying an additional 918 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of SolarEdge Technologies by 32.4% in the 1st 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 during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of SolarEdge Technologies in the 4th quarter worth $145,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Glj Research lowered shares of 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. UBS Group increased their price target on shares of SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. 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. KeyCorp raised shares of SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a report on Tuesday, July 8th. Finally, Northland Capmk raised shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 23rd. Eighteen research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $18.20.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock opened at $31.99 on Tuesday. The firm has a market cap of $1.90 billion, a PE ratio of -1.07 and a beta of 1.56. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $34.36. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The company's fifty day simple moving average is $25.40 and its two-hundred day simple moving average is $19.44.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The business had revenue of $289.43 million for the quarter, compared to analyst estimates of $270.03 million. During the same quarter last year, the firm earned ($1.79) EPS. The company's revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts expect 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.

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.