Fox Run Management L.L.C. Invests $746,000 in SolarEdge Technologies, Inc. $SEDG

Key Points

• Fox Run Management L.L.C. purchased 46,086 shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in Q1, valued at approximately $746,000, owning about 0.08% of the company.
• A majority of institutional investors hold 95.10% of SolarEdge's stock, reflecting strong interest from other funds such as Deutsche Bank AG and Fifth Third Bancorp.
• SolarEdge's stock has seen significant fluctuations, with a one-year low of $10.24 and a one-year high of $32.59, while the company projects a -4.54 EPS for the fiscal year.

Fox Run Management L.L.C. bought a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,086 shares of the semiconductor company's stock, valued at approximately $746,000. Fox Run Management L.L.C. owned about 0.08% of SolarEdge Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of SolarEdge Technologies by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after purchasing an additional 126,246 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of SolarEdge Technologies during the 4th quarter worth approximately $17,909,000. Two Sigma Investments LP raised its position in shares of SolarEdge Technologies by 1.3% in the 4th quarter. Two Sigma Investments LP now owns 1,254,397 shares of the semiconductor company's stock worth $17,060,000 after acquiring an additional 16,258 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of SolarEdge Technologies by 1.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company's stock worth $15,781,000 after acquiring an additional 18,300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of SolarEdge Technologies by 10,038.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock valued at $17,945,000 after purchasing an additional 1,098,284 shares during the period. Hedge funds and other institutional investors own 95.10% of the company's stock.

Wall Street Analysts Forecast Growth

SEDG has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of SolarEdge Technologies from $10.00 to $18.00 and gave the company an "underperform" rating in a report on Monday, July 14th. BNP Paribas Exane downgraded shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 target price for the company. in a research note on Wednesday, July 16th. Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Wall Street Zen raised SolarEdge Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Mizuho raised their price target on SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Eighteen investment analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $18.12.

SolarEdge Technologies Stock Performance

NASDAQ:SEDG traded up $3.0220 during trading hours on Friday, reaching $33.2320. The company had a trading volume of 2,440,638 shares, compared to its average volume of 4,863,013. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -1.11 and a beta of 1.56. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm's 50 day moving average price is $25.02 and its 200-day moving average price is $19.11. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $33.44.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share 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 firm had revenue of $289.43 million for the quarter, compared to analysts' expectations of $270.03 million. During the same period in the prior year, the firm earned ($1.79) EPS. The company's revenue was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. On average, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

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.