SG Americas Securities LLC grew its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,189 shares of the semiconductor company's stock after acquiring an additional 22,453 shares during the quarter. SG Americas Securities LLC owned about 0.27% of SolarEdge Technologies worth $2,592,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in SolarEdge Technologies by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 277,832 shares of the semiconductor company's stock valued at $3,779,000 after acquiring an additional 11,704 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of SolarEdge Technologies during the fourth quarter valued at $161,000. Meitav Investment House Ltd. grew 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 worth $7,957,000 after purchasing an additional 3,282 shares during the last quarter. RWC Asset Management LLP purchased a new position in SolarEdge Technologies in the 4th quarter worth about $173,000. Finally, Jones Financial Companies Lllp lifted its holdings in SolarEdge Technologies by 401.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock valued at $33,000 after buying an additional 1,954 shares in the last quarter. Institutional investors own 95.10% of the company's stock.
Analyst Upgrades and Downgrades
SEDG has been the topic of a number of research reports. BMO Capital Markets lowered shares of SolarEdge Technologies from a "market perform" rating to an "underperform" rating and raised their target price for the stock from $13.00 to $15.00 in a research report on Thursday, February 20th. Susquehanna reduced their price objective on SolarEdge Technologies from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Northland Securities upgraded SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price for the company in a report on Friday, May 23rd. Wells Fargo & Company cut their price target on SolarEdge Technologies from $19.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of SolarEdge Technologies from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Twelve equities research 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's stock. According to data from MarketBeat.com, SolarEdge Technologies currently has a consensus rating of "Hold" and an average price target of $16.96.
Check Out Our Latest Stock Report on SEDG
SolarEdge Technologies Stock Performance
Shares of NASDAQ SEDG traded up $0.89 during trading on Wednesday, reaching $16.85. 11,108,561 shares of the company traded hands, compared to its average volume of 4,813,277. The stock has a market cap of $995.00 million, a P/E ratio of -0.56 and a beta of 1.59. The firm's fifty day simple moving average is $16.35 and its 200 day simple moving average is $15.51. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $38.48.
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, beating analysts' consensus estimates of ($1.26) by $0.12. SolarEdge Technologies had a negative return on equity of 127.53% and a negative net margin of 182.81%. 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 previous year, the company posted ($1.90) earnings per share. SolarEdge Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.
SolarEdge Technologies 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.
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