Quarry LP lowered its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 99.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,445 shares of the semiconductor company's stock after selling 595,555 shares during the period. Quarry LP's holdings in SolarEdge Technologies were worth $60,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aquatic Capital Management LLC increased its position in shares of SolarEdge Technologies by 204.3% during the fourth quarter. Aquatic Capital Management LLC now owns 320,711 shares of the semiconductor company's stock valued at $4,362,000 after acquiring an additional 215,311 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in SolarEdge Technologies by 24.1% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 60,968 shares of the semiconductor company's stock worth $842,000 after acquiring an additional 11,833 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in SolarEdge Technologies by 163.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,891 shares of the semiconductor company's stock valued at $189,000 after purchasing an additional 8,618 shares during the last quarter. MYDA Advisors LLC purchased a new position in shares of SolarEdge Technologies during the 4th quarter valued at about $975,000. Finally, Natixis lifted its stake in SolarEdge Technologies by 72.2% in the fourth quarter. Natixis now owns 68,126 shares of the semiconductor company's stock worth $927,000 after purchasing an additional 28,563 shares during the last quarter. Institutional investors own 95.10% of the company's stock.
SolarEdge Technologies Stock Performance
Shares of SEDG traded down $0.18 on Monday, reaching $12.92. The company's stock had a trading volume of 3,784,348 shares, compared to its average volume of 4,271,756. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $61.70. The stock's 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $14.67. The stock has a market capitalization of $762.84 million, a P/E ratio of -0.41 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.
Analysts Set New Price Targets
A number of research firms have issued reports on SEDG. UBS Group upped their target price on SolarEdge Technologies from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada raised their price target on shares of SolarEdge Technologies from $14.00 to $15.00 and gave the company a "sector perform" rating in a report on Thursday, February 20th. BMO Capital Markets lowered shares of SolarEdge Technologies from a "market perform" rating to an "underperform" rating and boosted their target price for the company from $13.00 to $15.00 in a research report on Thursday, February 20th. Citigroup reiterated a "sell" rating and set a $9.00 target price (down previously from $12.00) on shares of SolarEdge Technologies in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their price objective on SolarEdge Technologies from $12.00 to $9.00 and set an "underperform" rating for the company in a research note on Tuesday, April 15th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $16.82.
View Our Latest Report on SolarEdge Technologies
Insider Buying and Selling
In other SolarEdge Technologies news, Chairman More Avery bought 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought 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 of the company's stock, valued at approximately $3,760,348.60. This trade represents a 12.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by company insiders.
About SolarEdge Technologies
(
Free Report)
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.
Further Reading
Before you consider SolarEdge Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolarEdge Technologies wasn't on the list.
While SolarEdge Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
