MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in SolarEdge Technologies, Inc. $SEDG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 17,801 shares of SolarEdge Technologies, reducing its stake by 2.9%, and now owns 1.01% of the company, valued at approximately $9.4 million.
• Several hedge funds, including Vanguard Group and Ion Asset Management, have increased their holdings in SolarEdge Technologies, with institutional investors owning around 95.10% of the company's stock.
• SolarEdge Technologies reported a negative EPS of ($0.81) for the most recent quarter, meeting analysts' estimates, yet posted a 9% year-over-year revenue increase to $289.43 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 594,591 shares of the semiconductor company's stock after selling 17,801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.01% of SolarEdge Technologies worth $9,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SEDG. Northern Trust Corp raised its position in SolarEdge Technologies by 3.2% during the 4th quarter. Northern Trust Corp now owns 244,903 shares of the semiconductor company's stock valued at $3,331,000 after purchasing an additional 7,487 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of SolarEdge Technologies in the 4th quarter worth $145,000. Deutsche Bank AG raised its position in shares of SolarEdge Technologies by 3.8% in the 4th quarter. Deutsche Bank AG now owns 147,968 shares of the semiconductor company's stock worth $2,012,000 after acquiring an additional 5,363 shares in the last quarter. Graham Capital Management L.P. raised its position in shares of SolarEdge Technologies by 261.2% in the 4th quarter. Graham Capital Management L.P. now owns 101,946 shares of the semiconductor company's stock worth $1,386,000 after acquiring an additional 73,722 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of SolarEdge Technologies in the 4th quarter worth $159,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Down 1.8%

SEDG stock traded down $0.52 on Friday, hitting $28.97. 3,114,018 shares of the company's stock were exchanged, compared to its average volume of 4,586,172. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $35.77. The firm has a 50 day moving average price of $28.80 and a two-hundred day moving average price of $20.92. 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 stock has a market cap of $1.72 billion, a P/E ratio of -0.97 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, hitting 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 the consensus estimate of $270.03 million. During the same period in the previous year, the business earned ($1.79) EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SEDG. Wall Street Zen raised SolarEdge Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Jefferies Financial Group boosted their price target on SolarEdge Technologies from $10.00 to $18.00 and gave the stock an "underperform" rating in a research report on Monday, July 14th. Susquehanna boosted their price target on SolarEdge Technologies from $14.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. The Goldman Sachs Group boosted their price target on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, KeyCorp raised SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, July 8th. Seventeen research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat, SolarEdge Technologies has an average rating of "Reduce" and a consensus price target of $18.37.

SolarEdge Technologies Company 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.