Graham Capital Management L.P. Has $1.39 Million Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Graham Capital Management L.P. lifted its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 261.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,946 shares of the semiconductor company's stock after buying an additional 73,722 shares during the quarter. Graham Capital Management L.P. owned 0.18% of SolarEdge Technologies worth $1,386,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEDG. Grantham Mayo Van Otterloo & Co. LLC increased 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 valued at $67,370,000 after acquiring an additional 641,915 shares during the last quarter. Invesco Ltd. increased its holdings in shares of SolarEdge Technologies by 5.0% in the 4th quarter. Invesco Ltd. now owns 2,445,164 shares of the semiconductor company's stock valued at $33,254,000 after acquiring an additional 116,809 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of SolarEdge Technologies by 67.6% in the 4th quarter. Legal & General Group Plc now owns 1,269,298 shares of the semiconductor company's stock valued at $17,262,000 after acquiring an additional 512,035 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of SolarEdge Technologies by 0.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,011,760 shares of the semiconductor company's stock valued at $13,760,000 after acquiring an additional 8,079 shares during the last quarter. Finally, Ion Asset Management Ltd. bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at approximately $12,005,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Mkm boosted their price objective on SolarEdge Technologies from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. UBS Group reduced their price objective on SolarEdge Technologies from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays boosted their price objective on SolarEdge Technologies from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, April 16th. Guggenheim restated a "sell" rating and set a $5.00 price objective on shares of SolarEdge Technologies in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group boosted their price target on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Twelve analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $16.44.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery bought 30,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost 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 filing with the SEC, which is available at the SEC website. Insiders own 0.67% of the company's stock.

SolarEdge Technologies Stock Performance

Shares of SEDG stock traded up $1.18 during mid-day trading on Friday, reaching $22.02. The stock had a trading volume of 7,244,755 shares, compared to its average volume of 4,458,703. The firm's 50 day simple moving average is $15.06 and its 200 day simple moving average is $14.78. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $53.58. The firm has a market cap of $1.30 billion, a PE ratio of -0.71 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.26) by $0.12. SolarEdge Technologies had a negative return on equity of 95.05% and a negative net margin of 192.13%. The business had revenue of $219.48 million during the quarter, compared to analysts' expectations of $205.39 million. During the same period in the prior year, the firm posted ($1.90) EPS. SolarEdge Technologies's quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

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.