Yousif Capital Management LLC Grows Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Yousif Capital Management LLC raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 149.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,548 shares of the semiconductor company's stock after acquiring an additional 16,489 shares during the period. Yousif Capital Management LLC's holdings in SolarEdge Technologies were worth $2,578,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC boosted its holdings in SolarEdge Technologies by 9.4% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,684 shares of the semiconductor company's stock valued at $218,000 after acquiring an additional 145 shares during the last quarter. Liberty One Investment Management LLC raised its position in shares of SolarEdge Technologies by 4.2% during the fourth quarter. Liberty One Investment Management LLC now owns 3,683 shares of the semiconductor company's stock worth $345,000 after purchasing an additional 148 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of SolarEdge Technologies by 194.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 277 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 183 shares during the period. South Street Advisors LLC raised its position in shares of SolarEdge Technologies by 2.9% during the third quarter. South Street Advisors LLC now owns 6,512 shares of the semiconductor company's stock worth $843,000 after purchasing an additional 185 shares during the period. Finally, Metis Global Partners LLC raised its position in shares of SolarEdge Technologies by 3.9% during the third quarter. Metis Global Partners LLC now owns 5,062 shares of the semiconductor company's stock worth $656,000 after purchasing an additional 188 shares during the period. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Stock Performance

Shares of NASDAQ SEDG traded down $1.36 during midday trading on Tuesday, hitting $58.65. 1,657,263 shares of the company's stock were exchanged, compared to its average volume of 2,367,864. The company has a quick ratio of 2.08, a current ratio of 3.70 and a debt-to-equity ratio of 0.28. SolarEdge Technologies, Inc. has a 12 month low of $53.59 and a 12 month high of $315.34. The company's 50 day moving average price is $66.29 and its 200 day moving average price is $76.46. The firm has a market capitalization of $3.35 billion, a PE ratio of 130.09 and a beta of 1.51.

SolarEdge Technologies (NASDAQ:SEDG - Get Free Report) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) EPS for the quarter, topping the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a return on equity of 5.00% and a net margin of 1.15%. The company had revenue of $316.04 million during the quarter, compared to the consensus estimate of $319.97 million. As a group, analysts predict that SolarEdge Technologies, Inc. will post -4.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. DZ Bank assumed coverage on SolarEdge Technologies in a research report on Wednesday, April 17th. They set a "hold" rating and a $62.00 price target on the stock. Barclays raised their price target on SolarEdge Technologies from $50.00 to $61.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 16th. Truist Financial dropped their price target on SolarEdge Technologies from $80.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, February 22nd. Piper Sandler dropped their target price on SolarEdge Technologies from $105.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 21st. Finally, Mizuho dropped their target price on SolarEdge Technologies from $106.00 to $104.00 and set a "buy" rating on the stock in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $98.38.

Insider Buying and Selling at SolarEdge Technologies

In related news, Director More Avery acquired 7,000 shares of the company's stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $67.75 per share, with a total value of $474,250.00. Following the acquisition, the director now directly owns 77,446 shares of the company's stock, valued at $5,246,966.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.17% of the company's stock.

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.