SolarEdge Technologies, Inc. $SEDG Shares Sold by Comerica Bank

Key Points

• Comerica Bank has reduced its stake in SolarEdge Technologies by 40.3%, owning 19,822 shares worth approximately $321,000 by the end of the first quarter.
• Vanguard Group Inc. increased its holdings in SolarEdge Technologies by 4.4%, now owning over 3 million shares valued at nearly $49 million.
• Analysts have varying views on SolarEdge, with price targets ranging from $10.00 to $30.00, indicating a consensus average price target of $18.20, reflecting a generally cautious outlook.

Comerica Bank trimmed its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 40.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,822 shares of the semiconductor company's stock after selling 13,371 shares during the period. Comerica Bank's holdings in SolarEdge Technologies were worth $321,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SEDG. Fifth Third Bancorp raised its stake in shares of SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 790 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of SolarEdge Technologies in the 1st quarter valued at approximately $35,000. US Bancorp DE raised its stake in shares of SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company's stock valued at $74,000 after acquiring an additional 918 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of SolarEdge Technologies by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company's stock valued at $127,000 after acquiring an additional 1,921 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of SolarEdge Technologies in the 4th quarter valued at approximately $145,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Down 1.8%

SEDG traded down $0.52 during trading hours on Friday, hitting $28.97. 3,114,018 shares of the company's stock were exchanged, compared to its average volume of 4,056,637. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $35.77. The firm has a market cap of $1.72 billion, a P/E ratio of -0.97 and a beta of 1.49. The firm has a 50 day moving average of $28.80 and a 200 day moving average of $20.95.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last posted 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 business posted ($1.79) EPS. The firm's revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Glj Research downgraded shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price target on the stock. in a research note on Tuesday, June 17th. Guggenheim boosted their price target on shares of SolarEdge Technologies from $5.00 to $7.00 and gave the company a "sell" rating in a research note on Monday, August 25th. Susquehanna upped their target price on shares of SolarEdge Technologies from $14.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. BNP Paribas raised shares of SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th. Finally, KeyCorp raised shares of SolarEdge Technologies from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, July 8th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $18.37.

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.