SolarEdge Technologies, Inc. $SEDG is Ion Asset Management Ltd.'s 10th Largest Position

Key Points

• Ion Asset Management Ltd. significantly increased its holdings in SolarEdge Technologies by 135.9%, now owning over 2 million shares, constituting 2.2% of its investment portfolio.
• Multiple institutional investors, including Fifth Third Bancorp and Edmond DE Rothschild Holding S.A., have also increased their positions in SolarEdge, reflecting a strong interest in the stock among hedge funds.
• Analysts have mixed views on the stock, with target prices ranging significantly, indicating a general consensus of caution with reports of reductions to sell ratings and a market average price target of $18.20.

Ion Asset Management Ltd. boosted its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 135.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,082,497 shares of the semiconductor company's stock after purchasing an additional 1,199,801 shares during the period. SolarEdge Technologies comprises approximately 2.2% of Ion Asset Management Ltd.'s investment portfolio, making the stock its 10th biggest position. Ion Asset Management Ltd. owned approximately 3.53% of SolarEdge Technologies worth $33,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SEDG. Northern Trust Corp lifted its position in shares of SolarEdge Technologies by 3.2% in the 4th quarter. Northern Trust Corp now owns 244,903 shares of the semiconductor company's stock worth $3,331,000 after purchasing an additional 7,487 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $145,000. AXA S.A. acquired a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $1,618,000. Brevan Howard Capital Management LP acquired a new position in shares of SolarEdge Technologies in the 4th quarter worth approximately $387,000. Finally, Deutsche Bank AG boosted its position in shares of SolarEdge Technologies by 3.8% during the 4th quarter. Deutsche Bank AG now owns 147,968 shares of the semiconductor company's stock valued at $2,012,000 after purchasing an additional 5,363 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock traded down $0.31 during mid-day trading on Wednesday, hitting $29.73. 2,074,748 shares of the stock were exchanged, compared to its average volume of 4,819,160. SolarEdge Technologies, Inc. has a 12 month low of $10.24 and a 12 month high of $35.77. The company has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $20.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94. The company has a market capitalization of $1.77 billion, a P/E ratio of -0.99 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting analysts' consensus estimates of ($0.81). The company had revenue of $289.43 million during the quarter, compared to the consensus estimate of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.SolarEdge Technologies's revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on SolarEdge Technologies from $15.00 to $24.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Mizuho lifted their price objective on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Barclays upgraded shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $12.00 to $29.00 in a research note on Monday, July 14th. Northland Capmk upgraded shares of SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $18.20.

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.