Free Trial

Mizuho Markets Americas LLC Boosts Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

SolarEdge Technologies logo with Energy background

Key Points

  • Mizuho Markets Americas LLC increased its stake in SolarEdge Technologies by 67.3% in the first quarter, now holding approximately 161,605 shares worth about $2.62 million.
  • Multiple hedge funds, including Fifth Third Bancorp and PNC Financial Services Group Inc., also significantly increased their stakes in SolarEdge Technologies during the same quarter.
  • Analyst ratings for SolarEdge Technologies have varied, with nine analysts issuing sell ratings and nineteen rating it as a hold, while the average target price for the stock is set at $18.00.
  • Want stock alerts on SolarEdge Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Mizuho Markets Americas LLC increased its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 67.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,605 shares of the semiconductor company's stock after acquiring an additional 65,000 shares during the period. Mizuho Markets Americas LLC owned about 0.27% of SolarEdge Technologies worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEDG. GAMMA Investing LLC grew its holdings in SolarEdge Technologies by 2,680.8% in the first quarter. GAMMA Investing LLC now owns 146,380 shares of the semiconductor company's stock valued at $2,368,000 after purchasing an additional 141,116 shares during the period. Teza Capital Management LLC grew its holdings in SolarEdge Technologies by 59.1% in the fourth quarter. Teza Capital Management LLC now owns 50,052 shares of the semiconductor company's stock valued at $681,000 after purchasing an additional 18,602 shares during the period. Renaissance Technologies LLC grew its holdings in SolarEdge Technologies by 79.6% in the fourth quarter. Renaissance Technologies LLC now owns 627,700 shares of the semiconductor company's stock valued at $8,537,000 after purchasing an additional 278,200 shares during the period. Aquatic Capital Management LLC grew its holdings in SolarEdge Technologies by 204.3% in the fourth quarter. Aquatic Capital Management LLC now owns 320,711 shares of the semiconductor company's stock valued at $4,362,000 after purchasing an additional 215,311 shares during the period. Finally, Sphera Management Technology Funds Ltd purchased a new position in shares of SolarEdge Technologies in the fourth quarter valued at approximately $816,000. 95.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEDG has been the topic of several research reports. Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a research report on Monday. Glj Research downgraded SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price objective on the stock. in a research report on Tuesday, June 17th. Wells Fargo & Company lifted their price objective on SolarEdge Technologies from $15.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $23.00 price objective (up previously from $18.00) on shares of SolarEdge Technologies in a research report on Tuesday, July 15th. Finally, Northland Securities raised SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price for the company in a research note on Friday, May 23rd. Ten analysts have rated the stock with a sell rating and nineteen have assigned a hold rating to the company. According to data from MarketBeat, SolarEdge Technologies presently has an average rating of "Hold" and an average price target of $17.70.

Get Our Latest Report on SolarEdge Technologies

SolarEdge Technologies Stock Down 4.7%

SEDG traded down $1.24 on Thursday, hitting $25.22. 2,117,346 shares of the company were exchanged, compared to its average volume of 4,810,687. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -0.84 and a beta of 1.56. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $18.41. SolarEdge Technologies, Inc. has a twelve month low of $10.24 and a twelve month high of $32.45.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting 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 for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.79) EPS. On average, equities analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

SolarEdge Technologies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

Should You Invest $1,000 in SolarEdge Technologies Right Now?

Before you consider SolarEdge Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolarEdge Technologies wasn't on the list.

While SolarEdge Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines