MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $9.44 Million Holdings 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. trimmed its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 594,591 shares of the semiconductor company's stock after selling 17,801 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.01% of SolarEdge Technologies worth $9,436,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SEDG. Point72 Asset Management L.P. acquired a new position in shares of SolarEdge Technologies in the 4th quarter worth $17,909,000. Ion Asset Management Ltd. grew its holdings in shares of SolarEdge Technologies by 135.9% in the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock worth $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 acquiring an additional 1,098,284 shares during the last quarter. Sphera Funds Management LTD. purchased a new position in shares of SolarEdge Technologies during the fourth quarter valued at $5,100,000. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of SolarEdge Technologies during the first quarter valued at $4,017,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEDG has been the topic of a number of research analyst reports. Mizuho lifted their price target on SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. BNP Paribas Exane downgraded SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price target on the stock. in a report on Wednesday, July 16th. The Goldman Sachs Group lifted their price target on SolarEdge Technologies from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday. Roth Capital lifted their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Glj Research downgraded SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price target on the stock. in a report on Tuesday, June 17th. Seventeen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $18.37.

SolarEdge Technologies Stock Up 3.0%

NASDAQ SEDG traded up $0.87 on Monday, reaching $29.84. The stock had a trading volume of 964,903 shares, compared to its average volume of 4,786,805. The business has a 50 day moving average price of $28.80 and a 200 day moving average price of $20.95. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. SolarEdge Technologies, Inc. has a 1 year low of $10.24 and a 1 year high of $35.77. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -0.99 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, meeting analysts' consensus estimates 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 quarter in the previous year, the company posted ($1.79) earnings per share. 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. On average, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal 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.