SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDGGet Rating) by 47.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,894 shares of the semiconductor company’s stock after selling 2,608 shares during the quarter. SG Americas Securities LLC’s holdings in SolarEdge Technologies were worth $670,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its position in shares of SolarEdge Technologies by 79.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 95 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. AllSquare Wealth Management LLC acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at about $27,000. Clear Street Markets LLC boosted its position in shares of SolarEdge Technologies by 431.8% in the 2nd quarter. Clear Street Markets LLC now owns 117 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 95 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $31,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at about $47,000. 80.01% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $294.73 on Friday. The company has a current ratio of 3.53, a quick ratio of 2.72 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $16.47 billion, a PE ratio of 145.19, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The business’s 50-day moving average price is $302.40 and its 200 day moving average price is $282.09. SolarEdge Technologies, Inc. has a twelve month low of $190.15 and a twelve month high of $375.90.

SolarEdge Technologies (NASDAQ:SEDGGet Rating) last announced its quarterly earnings data on Monday, November 7th. The semiconductor company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.86). The company had revenue of $836.72 million for the quarter, compared to analysts’ expectations of $825.69 million. SolarEdge Technologies had a return on equity of 5.75% and a net margin of 4.11%. On average, research analysts predict that SolarEdge Technologies, Inc. will post 2.96 earnings per share for the current year.

Insider Transactions at SolarEdge Technologies

In related news, insider Meir Adest sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $315.96, for a total transaction of $1,579,800.00. Following the completion of the sale, the insider now owns 140,485 shares of the company’s stock, valued at approximately $44,387,640.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,500 shares of company stock worth $3,682,425 in the last three months. Company insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SEDG shares. Bank of America raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $269.00 to $367.00 in a research report on Wednesday, December 7th. Truist Financial reduced their price objective on SolarEdge Technologies from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Cowen upped their price objective on SolarEdge Technologies from $309.00 to $360.00 in a research note on Monday, December 5th. Wells Fargo & Company upped their price objective on SolarEdge Technologies from $306.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, January 6th. Finally, Morgan Stanley increased their target price on SolarEdge Technologies from $344.00 to $374.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $347.40.

About SolarEdge Technologies

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SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.

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

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