SolarEdge Technologies, Inc. $SEDG Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC reduced its stake in SolarEdge Technologies by 51.4% in Q1, leaving it with 24,326 shares valued at approximately $394,000.
• The company reported a quarterly earnings per share (EPS) of ($0.81), meeting analyst expectations, while revenue rose to $289.43 million, exceeding estimates.
• SolarEdge Technologies has received mixed analyst ratings, with a consensus rating of "Reduce" and a price target average of $18.20.

Teza Capital Management LLC reduced its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 51.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,326 shares of the semiconductor company's stock after selling 25,726 shares during the quarter. Teza Capital Management LLC's holdings in SolarEdge Technologies were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in 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 in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in SolarEdge Technologies by 60.0% during 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. Banque Cantonale Vaudoise acquired a new stake in SolarEdge Technologies during the 1st quarter worth $35,000. US Bancorp DE raised its stake in 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in 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 acquiring an additional 1,921 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

Shares of SolarEdge Technologies stock traded down $0.52 on Friday, reaching $28.97. 3,114,018 shares of the stock were exchanged, compared to its average volume of 4,586,172. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $35.77. 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 business has a fifty day moving average price of $28.80 and a two-hundred day moving average price of $20.93. The firm has a market capitalization of $1.72 billion, a PE ratio of -0.97 and a beta of 1.50.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SEDG shares. Mizuho upped their target price on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Barclays raised shares of SolarEdge Technologies from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $12.00 to $29.00 in a report on Monday, July 14th. Wall Street Zen raised shares of SolarEdge Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. BNP Paribas raised shares of SolarEdge Technologies to a "strong sell" rating in a report on Wednesday, July 16th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $18.37.

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.