Montanaro Asset Management Ltd Acquires 27,000 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Montanaro Asset Management Ltd raised its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,675 shares of the semiconductor company’s stock after purchasing an additional 27,000 shares during the period. SolarEdge Technologies accounts for 2.0% of Montanaro Asset Management Ltd’s portfolio, making the stock its 24th largest position. Montanaro Asset Management Ltd owned approximately 0.20% of SolarEdge Technologies worth $10,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SEDG. NBC Securities Inc. bought a new position in shares of SolarEdge Technologies during the third quarter valued at approximately $25,000. Manchester Capital Management LLC lifted its stake in shares of SolarEdge Technologies by 1,345.0% during the 4th quarter. Manchester Capital Management LLC now owns 289 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 269 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of SolarEdge Technologies during the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of 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 buying an additional 183 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of 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 buying an additional 400 shares in the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG traded down $0.23 during midday trading on Tuesday, hitting $48.48. 1,211,436 shares of the stock traded hands, compared to its average volume of 2,380,585. SolarEdge Technologies, Inc. has a 1-year low of $47.59 and a 1-year high of $306.86. The firm has a market capitalization of $2.78 billion, a PE ratio of -10.48 and a beta of 1.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.19 and a current ratio of 4.54. The business’s 50 day moving average price is $61.42 and its two-hundred day moving average price is $72.39.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, topping the consensus estimate of ($2.01) by $0.60. The business had revenue of $316.04 million during the quarter, compared to the consensus estimate of $319.97 million. SolarEdge Technologies had a negative net margin of 11.68% and a negative return on equity of 6.43%. Equities research analysts predict that SolarEdge Technologies, Inc. will post -6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director More Avery acquired 7,000 shares of SolarEdge Technologies stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of $67.75 per share, with a total value of $474,250.00. Following the completion of the acquisition, the director now directly owns 77,446 shares of the company’s stock, valued at approximately $5,246,966.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SEDG shares. Janney Montgomery Scott cut shares of SolarEdge Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, March 22nd. Northland Securities cut shares of SolarEdge Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 9th. Citigroup lowered their target price on shares of SolarEdge Technologies from $83.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Piper Sandler decreased their price target on shares of SolarEdge Technologies from $105.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Finally, Mizuho decreased their price target on shares of SolarEdge Technologies from $104.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.38.

Check Out Our Latest Research Report on SEDG

SolarEdge Technologies Company Profile

(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.

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Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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