Natixis Grows Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Natixis boosted its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 72.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,126 shares of the semiconductor company's stock after buying an additional 28,563 shares during the period. Natixis owned approximately 0.12% of SolarEdge Technologies worth $927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC lifted its stake 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 purchasing an additional 641,915 shares during the period. Invesco Ltd. increased its holdings in SolarEdge Technologies by 5.0% in the fourth quarter. Invesco Ltd. now owns 2,445,164 shares of the semiconductor company's stock worth $33,254,000 after purchasing an additional 116,809 shares in the last quarter. Legal & General Group Plc lifted its stake in SolarEdge Technologies by 67.6% in the fourth quarter. Legal & General Group Plc now owns 1,269,298 shares of the semiconductor company's stock valued at $17,262,000 after buying an additional 512,035 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of SolarEdge Technologies by 0.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,011,760 shares of the semiconductor company's stock worth $13,760,000 after buying an additional 8,079 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of SolarEdge Technologies by 182.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company's stock worth $11,888,000 after buying an additional 564,490 shares during the period. Institutional investors and hedge funds own 95.10% of the company's stock.

Wall Street Analyst Weigh In

SEDG has been the topic of a number of research reports. Barclays boosted their target price on shares of SolarEdge Technologies from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, April 16th. Susquehanna dropped their price objective on shares of SolarEdge Technologies from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Northland Securities upgraded SolarEdge Technologies from an "under perform" rating to a "market perform" rating and set a $12.50 target price for the company in a research note on Friday. Piper Sandler boosted their target price on SolarEdge Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group increased their price target on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Ten research analysts have rated the stock with a sell rating, fifteen have issued 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, the stock presently has a consensus rating of "Hold" and an average price target of $16.82.

Insiders Place Their Bets

In related news, Chairman More Avery purchased 30,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $411,000.00. Following the completion of the transaction, the chairman now directly owns 274,478 shares in the company, valued at approximately $3,760,348.60. This represents a 12.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company's stock.

SolarEdge Technologies Stock Performance

NASDAQ SEDG traded down $0.10 during trading on Tuesday, hitting $12.59. 559,285 shares of the company's stock traded hands, compared to its average volume of 4,233,471. The stock has a market capitalization of $743.35 million, a price-to-earnings ratio of -0.40 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The business has a 50 day moving average of $15.20 and a 200-day moving average of $14.83. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $64.04.

SolarEdge Technologies 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.