SolarEdge Technologies, Inc. (NASDAQ:SEDG) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,160,400 shares of the semiconductor company's stock after purchasing an additional 18,300 shares during the quarter. Two Sigma Advisers LP owned 2.00% of SolarEdge Technologies worth $15,781,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $227,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of SolarEdge Technologies by 14.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,953,698 shares of the semiconductor company's stock worth $67,370,000 after purchasing an additional 641,915 shares during the period. Headlands Technologies LLC purchased a new position in shares of SolarEdge Technologies in the 4th quarter worth about $257,000. Teza Capital Management LLC raised its holdings in shares of SolarEdge Technologies by 59.1% in the 4th quarter. Teza Capital Management LLC now owns 50,052 shares of the semiconductor company's stock worth $681,000 after purchasing an additional 18,602 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of SolarEdge Technologies by 79.6% in the 4th quarter. Renaissance Technologies LLC now owns 627,700 shares of the semiconductor company's stock worth $8,537,000 after purchasing an additional 278,200 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery acquired 30,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $13.70 per share, with a total value of $411,000.00. Following the purchase, the chairman now owns 274,478 shares of the company's stock, valued at approximately $3,760,348.60. This represents a 12.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG traded up $0.20 during mid-day trading on Tuesday, hitting $16.91. The company had a trading volume of 1,868,982 shares, compared to its average volume of 4,573,655. The stock has a market cap of $998.67 million, a price-to-earnings ratio of -0.54 and a beta of 1.50. SolarEdge Technologies, Inc. has a 12 month low of $10.24 and a 12 month high of $51.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. The firm's 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $14.83.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.26) by $0.12. The firm had revenue of $219.48 million for the quarter, compared to the consensus estimate of $205.39 million. SolarEdge Technologies had a negative return on equity of 95.05% and a negative net margin of 192.13%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.90) EPS. As a group, equities research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SEDG shares. Guggenheim restated a "sell" rating and issued a $5.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on SolarEdge Technologies from $21.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. 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 research note on Friday. Jefferies Financial Group lowered their target price on SolarEdge Technologies from $12.00 to $9.00 and set an "underperform" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays increased their target price on SolarEdge Technologies from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Wednesday, April 16th. Eleven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, SolarEdge Technologies currently has an average rating of "Hold" and a consensus price target of $16.56.

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.