International Assets Investment Management LLC Buys 103,293 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

International Assets Investment Management LLC lifted its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 20,293.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,802 shares of the semiconductor company's stock after buying an additional 103,293 shares during the period. International Assets Investment Management LLC owned approximately 0.18% of SolarEdge Technologies worth $9,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of SolarEdge Technologies during the 3rd quarter valued at $25,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in SolarEdge Technologies by 194.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 277 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 183 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in SolarEdge Technologies by 4,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 410 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 400 shares during the period. NewSquare Capital LLC raised its stake in SolarEdge Technologies by 4,066.7% during the 3rd quarter. NewSquare Capital LLC now owns 500 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 488 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its stake in SolarEdge Technologies by 250.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company's stock valued at $66,000 after purchasing an additional 500 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Trading Down 0.6 %

NASDAQ SEDG traded down $0.38 during trading hours on Monday, hitting $60.07. The company's stock had a trading volume of 1,359,120 shares, compared to its average volume of 2,337,224. The stock has a fifty day moving average of $65.11 and a 200 day moving average of $74.67. SolarEdge Technologies, Inc. has a twelve month low of $53.59 and a twelve month high of $315.34. The firm has a market capitalization of $3.44 billion, a P/E ratio of 133.49 and a beta of 1.53. 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 (NASDAQ:SEDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, beating the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. The business had revenue of $316.04 million for the quarter, compared to analyst estimates of $319.97 million. Equities research analysts forecast that SolarEdge Technologies, Inc. will post -4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

SEDG has been the topic of a number of research reports. Janney Montgomery Scott downgraded shares of SolarEdge Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, March 22nd. Mizuho dropped their price target on shares of SolarEdge Technologies from $106.00 to $104.00 and set a "buy" rating on the stock in a research note on Friday, April 19th. Wells Fargo & Company dropped their price target on shares of SolarEdge Technologies from $91.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 22nd. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $75.00 price target on shares of SolarEdge Technologies in a research note on Wednesday, February 21st. Finally, B. Riley dropped their price target on shares of SolarEdge Technologies from $133.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, April 22nd. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $98.38.

Insider Activity at SolarEdge Technologies

In other news, Director More Avery bought 7,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were bought at an average cost of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the acquisition, the director now owns 77,446 shares in the company, valued at approximately $5,246,966.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.17% of the stock is currently owned by company insiders.

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.