Bank Hapoalim BM Has $7.60 Million Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Bank Hapoalim BM reduced its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,228 shares of the semiconductor company’s stock after selling 2,452 shares during the period. Bank Hapoalim BM owned about 0.14% of SolarEdge Technologies worth $7,603,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SEDG. Panagora Asset Management Inc. lifted its holdings in SolarEdge Technologies by 28.3% during the 1st quarter. Panagora Asset Management Inc. now owns 2,254 shares of the semiconductor company’s stock valued at $727,000 after purchasing an additional 497 shares during the last quarter. Rhumbline Advisers lifted its holdings in SolarEdge Technologies by 2.7% during the 1st quarter. Rhumbline Advisers now owns 44,407 shares of the semiconductor company’s stock valued at $14,315,000 after purchasing an additional 1,174 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in SolarEdge Technologies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,027 shares of the semiconductor company’s stock valued at $2,265,000 after purchasing an additional 435 shares during the last quarter. Cibc World Market Inc. lifted its holdings in SolarEdge Technologies by 28.5% during the 1st quarter. Cibc World Market Inc. now owns 4,844 shares of the semiconductor company’s stock valued at $1,562,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in SolarEdge Technologies by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 210,973 shares of the semiconductor company’s stock valued at $68,007,000 after purchasing an additional 1,902 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SEDG shares. Canaccord Genuity Group started coverage on shares of SolarEdge Technologies in a report on Tuesday, January 16th. They set a “hold” rating and a $80.00 price target for the company. Wells Fargo & Company dropped their target price on shares of SolarEdge Technologies from $91.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada dropped their target price on shares of SolarEdge Technologies from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 21st. Barclays reaffirmed an “underweight” rating and issued a $50.00 target price (down from $74.00) on shares of SolarEdge Technologies in a research note on Wednesday, January 17th. Finally, BMO Capital Markets dropped their target price on shares of SolarEdge Technologies from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Hold” and a consensus price target of $109.69.

Get Our Latest Analysis on SolarEdge Technologies

Insiders Place Their Bets

In other news, Director More Avery purchased 7,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of $67.75 per share, with a total value of $474,250.00. Following the completion of the transaction, the director now owns 77,446 shares of the company’s stock, valued at approximately $5,246,966.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.17% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $70.98 on Monday. The company has a current ratio of 3.70, a quick ratio of 2.08 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $71.00 and a 200 day simple moving average of $86.29. SolarEdge Technologies, Inc. has a 12 month low of $60.44 and a 12 month high of $322.19. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 157.73 and a beta of 1.51.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. The firm had revenue of $316.04 million for the quarter, compared to analyst estimates of $319.97 million. Research analysts forecast that SolarEdge Technologies, Inc. will post -3.94 EPS for the current fiscal year.

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.

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

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