Jones Financial Companies Lllp Has $2.31 Million Stock Position in SolarEdge Technologies, Inc. $SEDG

Key Points

• Jones Financial Companies Lllp significantly increased its stake in SolarEdge Technologies, holding $2.31 million worth of stock after a 5,736.7% increase in shares during the first quarter.
• SolarEdge Technologies reported a revenue increase of 9.0% year-over-year, with quarterly earnings meeting expectations at ($0.81) per share and forecasts projecting a challenging current fiscal year.
• Wall Street analysts have varied opinions on the stock, with recent ratings revisions from Barclays and UBS Group raising its price targets and altering their ratings, indicating a cautious optimism among investors.

Jones Financial Companies Lllp lifted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 5,736.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,474 shares of the semiconductor company's stock after buying an additional 140,033 shares during the period. Jones Financial Companies Lllp owned about 0.24% of SolarEdge Technologies worth $2,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Interval Partners LP boosted its position in shares of SolarEdge Technologies by 249.4% during the first quarter. Interval Partners LP now owns 76,387 shares of the semiconductor company's stock worth $1,236,000 after buying an additional 54,523 shares during the period. Ion Asset Management Ltd. boosted its position in SolarEdge Technologies by 135.9% during the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock valued at $33,695,000 after purchasing an additional 1,199,801 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted 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 valued at $26,000 after purchasing an additional 600 shares during the last quarter. Graham Capital Management L.P. boosted its position in SolarEdge Technologies by 34.9% during the first quarter. Graham Capital Management L.P. now owns 137,556 shares of the semiconductor company's stock valued at $2,226,000 after purchasing an additional 35,610 shares during the last quarter. Finally, Caption Management LLC boosted its position in SolarEdge Technologies by 9.3% during the first quarter. Caption Management LLC now owns 65,600 shares of the semiconductor company's stock valued at $1,061,000 after purchasing an additional 5,600 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on SEDG shares. The Goldman Sachs Group increased their price target on SolarEdge Technologies from $27.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. TD Cowen increased their price target on SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Northland Capmk raised SolarEdge Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, May 23rd. Guggenheim increased their price target on SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a research report on Monday, August 25th. Finally, Oppenheimer reissued a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Seventeen investment analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $18.37.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG traded up $0.84 during trading hours on Wednesday, reaching $33.95. 1,257,234 shares of the stock were exchanged, compared to its average volume of 4,782,270. The stock's fifty day simple moving average is $29.02 and its 200 day simple moving average is $21.14. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $35.77. 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 firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -1.14 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, meeting the consensus estimate of ($0.81). The firm had revenue of $289.43 million during the quarter, compared to analysts' expectations of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Sell-side analysts predict 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.