Interval Partners LP Buys 54,523 Shares of SolarEdge Technologies, Inc. $SEDG

Key Points

• Interval Partners LP increased its stake in SolarEdge Technologies by 249.4% during the first quarter, owning 76,387 shares valued at $1.236 million after acquiring additional shares.
• Other institutional investors, such as Ion Asset Management Ltd. and AlphaQuest LLC, also significantly increased their positions, reflecting a growing institutional interest in SolarEdge Technologies.
• SolarEdge Technologies reported a quarterly revenue of $289.43 million, exceeding consensus estimates, but recorded a net margin of -177.64%.

Interval Partners LP increased its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 249.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,387 shares of the semiconductor company's stock after buying an additional 54,523 shares during the quarter. Interval Partners LP owned 0.13% of SolarEdge Technologies worth $1,236,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its position 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 worth $26,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp grew 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 buying an additional 790 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in SolarEdge Technologies during the first quarter worth about $35,000. US Bancorp DE grew its position in SolarEdge Technologies by 25.2% during the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after buying an additional 918 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in SolarEdge Technologies by 32.4% during the first 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 in the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Glj Research downgraded SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 target price on the stock. in a research report on Tuesday, June 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a $23.00 price target (up previously from $18.00) on shares of SolarEdge Technologies in a research note on Tuesday, July 15th. Northland Securities upgraded shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 price target for the company in a research note on Friday, May 23rd. Barclays upgraded shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $12.00 to $29.00 in a research note on Monday, July 14th. Finally, BNP Paribas Exane cut shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price target for the company. in a research note on Wednesday, July 16th. Seventeen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $18.20.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock traded up $1.19 during midday trading on Thursday, reaching $30.61. The company had a trading volume of 1,567,028 shares, compared to its average volume of 4,808,738. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -1.03 and a beta of 1.50. The stock has a fifty day simple moving average of $28.73 and a 200 day simple moving average of $20.77. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $35.77.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) 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 firm had revenue of $289.43 million during the quarter, compared to analyst estimates of $270.03 million. During the same quarter in the previous year, the business earned ($1.79) EPS. The business's quarterly 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, equities research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share 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.