DekaBank Deutsche Girozentrale Has $695,000 Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

DekaBank Deutsche Girozentrale reduced its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,200 shares of the semiconductor company's stock after selling 19,800 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of SolarEdge Technologies worth $695,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Fifth Third Bancorp boosted its holdings in SolarEdge Technologies by 93.7% in the 1st 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. Millstone Evans Group LLC bought a new stake in SolarEdge Technologies in the 4th quarter valued at $27,000. Jones Financial Companies Lllp boosted its holdings in SolarEdge Technologies by 401.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 1,954 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in SolarEdge Technologies in the 4th quarter valued at $133,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in SolarEdge Technologies in the 4th quarter valued at $145,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Price Performance

SEDG traded up $0.29 during midday trading on Thursday, hitting $25.25. The company had a trading volume of 3,436,336 shares, compared to its average volume of 4,692,498. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 2.04. The company has a market capitalization of $1.49 billion, a PE ratio of -0.84 and a beta of 1.62. SolarEdge Technologies, Inc. has a twelve month low of $10.24 and a twelve month high of $31.07. The firm's 50-day simple moving average is $20.63 and its 200-day simple moving average is $16.84.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.26) by $0.12. The firm had revenue of $219.48 million during the quarter, compared to analysts' expectations of $205.39 million. SolarEdge Technologies had a negative net margin of 182.81% and a negative return on equity of 127.53%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.90) EPS. Equities research analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SEDG. UBS Group increased their price target on shares of SolarEdge Technologies from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Wells Fargo & Company reduced their price objective on shares of SolarEdge Technologies from $19.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Canaccord Genuity Group raised their price objective on shares of SolarEdge Technologies from $14.00 to $16.50 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Jefferies Financial Group raised their price objective on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $27.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, July 9th. Eleven investment analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.61.

About SolarEdge Technologies

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.