PharVision Advisers LLC Acquires New Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

PharVision Advisers LLC purchased a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,826 shares of the semiconductor company's stock, valued at approximately $256,000.

Several other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 1,954 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of SolarEdge Technologies during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised its stake in shares of SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 2,770 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of SolarEdge Technologies by 0.6% in the fourth quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company's stock valued at $7,957,000 after purchasing an additional 3,282 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of SolarEdge Technologies in the 4th quarter worth $61,000. Institutional investors own 95.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SEDG. Canaccord Genuity Group boosted their price target on shares of SolarEdge Technologies from $14.00 to $16.50 and gave the company a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on SolarEdge Technologies from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Barclays upped their target price on SolarEdge Technologies from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, April 16th. Finally, BMO Capital Markets lowered SolarEdge Technologies from a "market perform" rating to an "underperform" rating and lifted their price objective for the company from $13.00 to $15.00 in a research note on Thursday, February 20th. Eleven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.56.

SolarEdge Technologies Stock Performance

Shares of SEDG stock traded down $0.09 on Wednesday, reaching $17.14. The stock had a trading volume of 791,636 shares, compared to its average volume of 4,566,459. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $15.29 and its two-hundred day moving average is $14.85. SolarEdge Technologies, Inc. has a 12 month low of $10.24 and a 12 month high of $51.50. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -0.55 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.26) by $0.12. SolarEdge Technologies had a negative net margin of 192.13% and a negative return on equity of 95.05%. The company had revenue of $219.48 million during the quarter, compared to the consensus estimate of $205.39 million. During the same period in the prior year, the business earned ($1.90) earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery acquired 30,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $13.70 per share, with a total value of $411,000.00. Following the purchase, the chairman now owns 274,478 shares of the company's stock, valued at approximately $3,760,348.60. This trade represents a 12.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.67% of the company's stock.

SolarEdge Technologies 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.