Quantitative Investment Management LLC Has $313,000 Position in SolarEdge Technologies, Inc. $SEDG

Key Points

• Quantitative Investment Management LLC reduced its stake in SolarEdge Technologies by 70.7% during the first quarter, now holding shares worth $313,000 after selling 46,759 shares.
• Vanguard Group increased its position in SolarEdge by 4.4%, now owning over 3 million shares, while other investors like Migdal Insurance reported a significant 10,038.2% increase in their holdings.
• SolarEdge Technologies experienced a 9% year-over-year revenue increase with quarterly revenue of $289.43 million, despite reporting a loss of ($0.81) earnings per share.

Quantitative Investment Management LLC lowered its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 70.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,378 shares of the semiconductor company's stock after selling 46,759 shares during the period. Quantitative Investment Management LLC's holdings in SolarEdge Technologies were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC grew its stake in SolarEdge Technologies by 334.7% in the 1st quarter. AlphaQuest LLC now owns 19,544 shares of the semiconductor company's stock worth $316,000 after acquiring an additional 15,048 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of SolarEdge Technologies by 17.5% during the 1st quarter. Hsbc Holdings PLC now owns 12,312 shares of the semiconductor company's stock valued at $192,000 after acquiring an additional 1,836 shares in the last quarter. Versor Investments LP purchased a new stake in SolarEdge Technologies during the 1st quarter worth $413,000. Algert Global LLC purchased a new stake in SolarEdge Technologies during the 1st quarter worth $849,000. Finally, American Century Companies Inc. purchased a new stake in SolarEdge Technologies during the 1st quarter worth $345,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEDG has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Northland Securities raised shares of 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. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $12.00 to $29.00 in a research note on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $23.00 target price (up from $18.00) on shares of SolarEdge Technologies in a research note on Tuesday, July 15th. Finally, Oppenheimer restated a "market perform" rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Eighteen analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat.com, SolarEdge Technologies currently has an average rating of "Reduce" and a consensus price target of $18.20.

SolarEdge Technologies Price Performance

NASDAQ:SEDG traded up $0.16 on Thursday, reaching $33.25. The stock had a trading volume of 2,053,046 shares, compared to its average volume of 4,690,018. The company has a market capitalization of $1.97 billion, a P/E ratio of -1.11 and a beta of 1.56. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $34.36. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $26.38 and a 200-day moving average price of $19.75.

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

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.