SolarEdge Technologies, Inc. $SEDG Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 34.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,390 shares of the semiconductor company’s stock after selling 13,579 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SolarEdge Technologies were worth $796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Rakuten Securities Inc. raised its holdings in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares during the period. Tidal Investments LLC boosted its holdings in SolarEdge Technologies by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after acquiring an additional 484 shares during the period. PNC Financial Services Group Inc. boosted its holdings in SolarEdge Technologies by 7.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 530 shares during the period. Tower Research Capital LLC TRC grew its position in SolarEdge Technologies by 28.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 553 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEDG shares. 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 report on Wednesday, April 15th. TD Cowen boosted their price objective on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Barclays raised their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada dropped their target price 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, Citigroup cut their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $30.40.

SolarEdge Technologies Trading Down 3.3%

NASDAQ SEDG opened at $40.42 on Wednesday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -6.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies, Inc. has a 12 month low of $13.73 and a 12 month high of $53.75. The company’s fifty day moving average price is $42.89 and its two-hundred day moving average price is $37.28.

SolarEdge Technologies (NASDAQ:SEDG) last released 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). The company had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.SolarEdge Technologies’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.14) EPS. As a group, research analysts predict that SolarEdge Technologies, Inc. will post -0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

SolarEdge Technologies Company 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.