Vontobel Holding Ltd. Sells 21,363 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Vontobel Holding Ltd. reduced its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 27.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,195 shares of the semiconductor company's stock after selling 21,363 shares during the period. Vontobel Holding Ltd. owned 0.10% of SolarEdge Technologies worth $925,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in SolarEdge Technologies by 93.7% in the first quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company's stock worth $26,000 after buying an additional 790 shares during the last quarter. Millstone Evans Group LLC purchased a new position in SolarEdge Technologies in the fourth quarter worth about $27,000. Jones Financial Companies Lllp raised its holdings in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock worth $33,000 after buying an additional 1,954 shares during the last quarter. GAMMA Investing LLC raised its holdings in SolarEdge Technologies by 71.9% in the first quarter. GAMMA Investing LLC now owns 9,047 shares of the semiconductor company's stock worth $146,000 after buying an additional 3,783 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in SolarEdge Technologies in the fourth quarter worth about $133,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SEDG shares. UBS Group lifted their price target on shares of SolarEdge Technologies from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Glj Research lowered shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating and set a $6.90 price target for the company. in a research note on Tuesday, June 17th. Northland Securities raised shares of SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $15.50 target price for the company in a report on Friday, May 23rd. Barclays upped their target price on shares of SolarEdge Technologies from $11.00 to $12.00 and gave the company an "underweight" rating in a report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of SolarEdge Technologies from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Twelve investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $16.12.

SolarEdge Technologies Price Performance

SEDG stock traded up $3.85 during trading on Friday, hitting $27.45. 9,478,849 shares of the company's stock traded hands, compared to its average volume of 4,778,119. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $32.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 2.04. The business has a fifty day simple moving average of $18.37 and a 200 day simple moving average of $16.10. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -0.91 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.26) by $0.12. The business had revenue of $219.48 million during the quarter, compared to analyst estimates of $205.39 million. SolarEdge Technologies had a negative net margin of 182.81% and a negative return on equity of 127.53%. SolarEdge Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned ($1.90) earnings per share. As a group, research analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

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.