SolarEdge Technologies, Inc. $SEDG Shares Sold by Meitav Investment House Ltd.

Key Points

• Meitav Investment House Ltd. significantly reduced its holdings in SolarEdge Technologies by 77.3%, leaving it with 172,392 shares valued at approximately $3.5 million.
• Despite the sell-off from some investors, Public Employees Retirement System of Ohio and other institutions increased their stakes, indicating varying investor sentiment on SolarEdge.
• SolarEdge Technologies recently reported earnings per share of ($0.81), aligning with expectations while revenue for the quarter was up 9% year-over-year, reaching $289.43 million.

Meitav Investment House Ltd. lowered its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 77.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,392 shares of the semiconductor company's stock after selling 588,210 shares during the period. Meitav Investment House Ltd. owned 0.29% of SolarEdge Technologies worth $3,517,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in SolarEdge Technologies by 21.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 508 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of 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 worth $26,000 after acquiring an additional 600 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of SolarEdge Technologies by 0.5% in the 1st quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company's stock valued at $2,407,000 after acquiring an additional 766 shares during the last quarter. Fifth Third Bancorp raised its position 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 valued at $26,000 after acquiring an additional 790 shares in the last quarter. Finally, US Bancorp DE lifted its stake in 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 purchasing an additional 918 shares during the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Up 2.3%

SEDG stock opened at $37.09 on Tuesday. 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 firm has a market capitalization of $2.20 billion, a P/E ratio of -1.24 and a beta of 1.58. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $40.50. The company's 50 day simple moving average is $31.71 and its 200-day simple moving average is $23.21.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released 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 analysts' expectations of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Analyst Ratings Changes

SEDG has been the topic of a number of research reports. Roth Capital increased their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. TD Cowen raised their target price on SolarEdge Technologies from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, August 8th. BNP Paribas Exane downgraded shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the stock a "hold" rating in a research report on Wednesday, October 1st. Finally, UBS Group lifted their price target on SolarEdge Technologies from $20.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Eighteen equities research analysts have rated the stock with a Hold rating and eleven have assigned a Sell rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies presently has an average rating of "Reduce" and an average price target of $18.92.

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.

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