Dimensional Fund Advisors LP Decreases Stock Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Dimensional Fund Advisors LP trimmed its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,377 shares of the semiconductor company's stock after selling 11,688 shares during the period. Dimensional Fund Advisors LP owned about 0.10% of SolarEdge Technologies worth $794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of SolarEdge Technologies by 401.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 1,954 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of SolarEdge Technologies during the 4th quarter valued at $27,000. Y.D. More Investments Ltd grew its holdings in shares of SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 2,770 shares during the last quarter. Meitav Investment House Ltd. grew its holdings in shares of SolarEdge Technologies by 0.6% during the 4th quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company's stock valued at $7,957,000 after purchasing an additional 3,282 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of SolarEdge Technologies during the 4th quarter valued at $61,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Down 24.7%

Shares of NASDAQ SEDG traded down $4.90 during midday trading on Thursday, hitting $14.94. The stock had a trading volume of 18,313,344 shares, compared to its average volume of 4,554,795. The business's 50 day moving average is $15.30 and its 200-day moving average is $14.82. The company has a market cap of $882.12 million, a P/E ratio of -0.48 and a beta of 1.50. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $52.40. 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 (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 the consensus estimate of ($1.26) by $0.12. The firm had revenue of $219.48 million for the quarter, compared to the consensus estimate of $205.39 million. SolarEdge Technologies had a negative net margin of 192.13% and a negative return on equity of 95.05%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.90) earnings per share. As a group, analysts predict that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Insider Transactions at SolarEdge Technologies

In related news, Chairman More Avery acquired 30,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $13.70 per share, with a total value of $411,000.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SEDG. Royal Bank of Canada increased their target price 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. Wells Fargo & Company cut their price target on shares of SolarEdge Technologies from $19.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group cut their price target on shares of SolarEdge Technologies from $12.00 to $9.00 and set an "underperform" rating on the stock in a report on Tuesday, April 15th. UBS Group cut their price target on shares of SolarEdge Technologies from $22.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $10.00 price target on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, SolarEdge Technologies currently has an average rating of "Hold" and a consensus price target of $16.56.

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.