Vontobel Holding Ltd. Cuts Stock Holdings in SolarEdge Technologies, Inc. $SEDG

Key Points

• Vontobel Holding Ltd. reduced its stake in SolarEdge Technologies by 24.3% in Q2, selling 13,881 shares and now owning approximately 0.07% of the company valued at $884,000.
• Other institutional investors like Vanguard Group Inc. and Ion Asset Management Ltd. significantly increased their holdings, indicating strong institutional interest in SolarEdge.
• SolarEdge Technologies reported a negative earnings per share of ($0.81) in its latest quarter, meeting expectations, but had revenue of $289.43 million, which exceeded analysts’ forecasts.

Vontobel Holding Ltd. trimmed its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 24.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,314 shares of the semiconductor company's stock after selling 13,881 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.07% of SolarEdge Technologies worth $884,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of SolarEdge Technologies by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company's stock valued at $48,993,000 after purchasing an additional 126,246 shares in the last quarter. Ion Asset Management Ltd. increased its holdings in shares of SolarEdge Technologies by 135.9% during the 1st quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company's stock valued at $33,695,000 after purchasing an additional 1,199,801 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of SolarEdge Technologies by 10,038.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,109,225 shares of the semiconductor company's stock valued at $17,945,000 after purchasing an additional 1,098,284 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company's stock valued at $16,147,000 after purchasing an additional 79,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of SolarEdge Technologies by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 533,758 shares of the semiconductor company's stock valued at $8,636,000 after purchasing an additional 12,830 shares in the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Trading Down 9.2%

Shares of SEDG opened at $35.06 on Monday. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $41.92. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The firm's fifty day moving average is $32.57 and its two-hundred day moving average is $23.76. The stock has a market cap of $2.08 billion, a PE ratio of -1.17 and a beta of 1.58.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (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 for the quarter, compared to analysts' expectations of $270.03 million. During the same quarter in the previous year, the company posted ($1.79) EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several recent research reports. Glj Research lowered shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 target price for the company. in a report on Tuesday, June 17th. Mizuho lifted their price target on shares of SolarEdge Technologies from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. UBS Group lifted their price target on shares of SolarEdge Technologies from $20.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. BNP Paribas raised shares of SolarEdge Technologies to a "strong sell" rating in a research note on Wednesday, July 16th. Finally, Guggenheim lifted 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. Eighteen analysts have rated the stock with a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $19.20.

SolarEdge Technologies Company 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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