Public Sector Pension Investment Board Purchases 39,419 Shares of SolarEdge Technologies, Inc. $SEDG

Key Points

• The Public Sector Pension Investment Board increased its stake in SolarEdge Technologies by 27.3%, acquiring an additional 39,419 shares for a total of 183,776 shares valued at approximately $2.97 million.
• Institutional investors hold a significant majority of SolarEdge Technologies, with 95.10% of the company's stock owned by institutional investors.
• SolarEdge Technologies reported a revenue increase of 9.0% year-over-year, with quarterly earnings hitting analysts' consensus estimate of (0.81) EPS.

Public Sector Pension Investment Board raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,776 shares of the semiconductor company's stock after purchasing an additional 39,419 shares during the period. Public Sector Pension Investment Board owned approximately 0.31% of SolarEdge Technologies worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Deutsche Bank AG lifted its holdings in shares of SolarEdge Technologies by 0.5% during the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company's stock worth $2,407,000 after acquiring an additional 766 shares during the period. Fifth Third Bancorp lifted its holdings in shares of SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 790 shares during the period. US Bancorp DE lifted its holdings in shares of SolarEdge Technologies by 25.2% during the 1st 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. New York State Teachers Retirement System lifted its holdings in shares of SolarEdge Technologies by 1.5% during the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company's stock worth $1,075,000 after acquiring an additional 1,000 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of SolarEdge Technologies by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock worth $127,000 after purchasing an additional 1,921 shares in the last quarter. 95.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEDG has been the subject of a number of recent analyst reports. Barclays upgraded shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $12.00 to $29.00 in a research report on Monday, July 14th. BNP Paribas upgraded shares of SolarEdge Technologies to a "strong sell" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group restated a "neutral" rating and issued a $27.00 price objective on shares of SolarEdge Technologies in a research report on Wednesday, July 9th. Roth Capital raised their price objective on shares of SolarEdge Technologies from $15.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, TD Cowen raised their price objective on shares of SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Eighteen research analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $18.20.

SolarEdge Technologies Trading Down 6.7%

Shares of NASDAQ:SEDG traded down $2.31 during trading on Monday, hitting $31.99. 5,450,651 shares of the company's stock were exchanged, compared to its average volume of 4,815,780. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $34.36. The firm has a 50-day moving average price of $25.40 and a two-hundred day moving average price of $19.44. 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 market cap of $1.90 billion, a P/E ratio of -1.07 and a beta of 1.56.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) EPS for the quarter, hitting the consensus estimate of ($0.81). SolarEdge Technologies had a negative net margin of 177.64% and a negative return on equity of 191.53%. The company had revenue of $289.43 million during the quarter, compared to analysts' expectations of $270.03 million. During the same quarter in the previous year, the company earned ($1.79) EPS. SolarEdge Technologies's revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Equities analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current 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.