Phoenix Financial Ltd. acquired a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,626 shares of the semiconductor company's stock, valued at approximately $216,000.
Several other institutional investors also recently bought and sold shares of SEDG. Edmond DE Rothschild Holding S.A. increased its stake in SolarEdge Technologies by 60.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company's stock valued at $26,000 after buying an additional 600 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of SolarEdge Technologies during the first quarter worth about $35,000. Public Employees Retirement System of Ohio increased its stake in shares of SolarEdge Technologies by 21.5% during the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 508 shares during the period. US Bancorp DE increased its stake in shares of SolarEdge Technologies by 25.2% during the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock worth $74,000 after acquiring an additional 918 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of SolarEdge Technologies by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock worth $127,000 after acquiring an additional 1,921 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SEDG has been the topic of several recent analyst reports. BNP Paribas Exane cut SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 target price on the stock. in a research report on Wednesday, July 16th. Barclays upped their price objective on SolarEdge Technologies from $29.00 to $36.00 and gave the stock an "equal weight" rating in a report on Thursday, October 9th. Wall Street Zen raised SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Oppenheimer reaffirmed a "market perform" rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Finally, Royal Bank Of Canada upped their price target on shares of SolarEdge Technologies from $22.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Monday. Eighteen investment analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies currently has a consensus rating of "Reduce" and an average target price of $21.68.
View Our Latest Report on SEDG
SolarEdge Technologies Stock Performance
SEDG opened at $37.82 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of -1.26 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. The stock's 50 day simple moving average is $34.91 and its 200 day simple moving average is $25.07. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $41.92.
SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share for the quarter, meeting the consensus estimate of ($0.81). The company had revenue of $289.43 million for the quarter, compared to analyst estimates 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 was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.79) earnings per share. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.
SolarEdge Technologies Company Profile
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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.
Further Reading
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