SolarEdge Technologies, Inc. $SEDG Stake Boosted by Ion Asset Management Ltd.

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. raised its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 135.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,082,497 shares of the semiconductor company's stock after buying an additional 1,199,801 shares during the period. SolarEdge Technologies comprises approximately 2.2% of Ion Asset Management Ltd.'s holdings, making the stock its 10th largest position. Ion Asset Management Ltd. owned approximately 3.53% of SolarEdge Technologies worth $33,695,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of SolarEdge Technologies by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock worth $48,993,000 after purchasing an additional 126,246 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of SolarEdge Technologies in the 4th quarter worth $17,909,000. Two Sigma Investments LP increased its stake 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 purchasing an additional 16,258 shares in the last quarter. Two Sigma Advisers LP increased its stake 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 purchasing an additional 18,300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased 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 worth $17,945,000 after purchasing an additional 1,098,284 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Price Performance

Shares of SEDG traded up $0.26 during midday trading on Friday, hitting $34.42. 5,843,086 shares of the company traded hands, compared to its average volume of 4,256,156. The firm has a 50 day moving average of $28.19 and a 200-day moving average of $20.53. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $35.77. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -1.15 and a beta of 1.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, hitting the consensus estimate of ($0.81). The company had revenue of $289.43 million during the quarter, compared to analyst estimates of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted ($1.79) earnings per share. 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 fiscal year.

Analyst Upgrades and Downgrades

SEDG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $23.00 price target (up previously from $18.00) on shares of SolarEdge Technologies in a research note on Tuesday, July 15th. TD Cowen increased their price target on SolarEdge Technologies from $18.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Oppenheimer reiterated a "market perform" rating on shares of SolarEdge Technologies in a research note on Monday, August 11th. UBS Group increased their price target on SolarEdge Technologies from $20.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen upgraded SolarEdge Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $18.20.

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.