Y.D. More Investments Ltd Increases Position in SolarEdge Technologies, Inc. $SEDG

Y.D. More Investments Ltd grew its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 39.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 503,110 shares of the semiconductor company’s stock after buying an additional 142,650 shares during the period. SolarEdge Technologies accounts for 1.0% of Y.D. More Investments Ltd’s portfolio, making the stock its 20th largest position. Y.D. More Investments Ltd’s holdings in SolarEdge Technologies were worth $25,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Wyoming bought a new stake in shares of SolarEdge Technologies during the 4th quarter worth approximately $27,000. Saranac Partners Ltd bought a new position in SolarEdge Technologies in the 3rd quarter valued at $28,000. Rakuten Securities Inc. grew its position in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 432 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in SolarEdge Technologies in the fourth quarter worth $31,000. Finally, Canada Pension Plan Investment Board purchased a new stake in SolarEdge Technologies in the second quarter worth $35,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

SolarEdge Technologies Price Performance

SEDG opened at $55.18 on Monday. SolarEdge Technologies, Inc. has a 12-month low of $23.01 and a 12-month high of $81.25. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $57.00 and its 200-day simple moving average is $44.84. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -9.00 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The firm had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.14) EPS. On average, equities research analysts anticipate that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Wells Fargo & Company initiated coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They set an “equal weight” rating and a $36.00 price objective for the company. Citigroup lowered their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. Finally, TD Cowen upped their target price on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, SolarEdge Technologies presently has a consensus rating of “Reduce” and a consensus price target of $36.94.

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.