Vanguard Group Inc. Buys 175,582 Shares of SolarEdge Technologies, Inc. $SEDG

Vanguard Group Inc. increased its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,368,073 shares of the semiconductor company’s stock after purchasing an additional 175,582 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of SolarEdge Technologies worth $97,169,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. UBS Group AG grew its position in SolarEdge Technologies by 234.8% in the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after acquiring an additional 2,492,776 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its position in SolarEdge Technologies by 41.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after acquiring an additional 612,884 shares during the last quarter. Electron Capital Partners LLC grew its position in SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after acquiring an additional 898,802 shares during the last quarter. Invesco Ltd. grew its position in SolarEdge Technologies by 14.9% in the 3rd quarter. Invesco Ltd. now owns 1,686,770 shares of the semiconductor company’s stock valued at $62,410,000 after acquiring an additional 218,935 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in SolarEdge Technologies by 56.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,153,955 shares of the semiconductor company’s stock valued at $42,696,000 after acquiring an additional 414,254 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of SEDG stock opened at $42.78 on Thursday. SolarEdge Technologies, Inc. has a twelve month low of $13.73 and a twelve month high of $53.75. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -6.98 and a beta of 1.18. The stock has a fifty day simple moving average of $42.94 and a two-hundred day simple moving average of $37.31. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the prior year, the company posted ($1.14) earnings per share. SolarEdge Technologies’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, analysts predict that SolarEdge Technologies, Inc. will post -0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SEDG has been the topic of several research analyst reports. Citigroup cut their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Royal Bank Of Canada cut their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus price target of $30.40.

Insider Buying and Selling at SolarEdge Technologies

In related news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.71% of the stock is owned by company insiders.

SolarEdge Technologies Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.