480,000 Shares in SolarEdge Technologies, Inc. $SEDG Bought by ING Groep NV

ING Groep NV purchased a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 480,000 shares of the semiconductor company’s stock, valued at approximately $13,848,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in SolarEdge Technologies in the 3rd quarter worth $25,000. Hantz Financial Services Inc. increased its holdings in SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 571 shares in the last quarter. Saranac Partners Ltd purchased a new stake in SolarEdge Technologies in the 3rd quarter worth $28,000. State of Wyoming purchased a new stake in SolarEdge Technologies in the 4th quarter worth $27,000. Finally, Rakuten Securities Inc. increased its holdings in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $63.17 on Monday. The company’s 50-day moving average price is $51.45 and its 200-day moving average price is $40.66. 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 stock has a market cap of $3.84 billion, a price-to-earnings ratio of -10.31 and a beta of 1.42. SolarEdge Technologies, Inc. has a twelve month low of $13.73 and a twelve month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly 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 firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The company’s revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.14) EPS. As a group, equities analysts predict that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several recent analyst reports. Susquehanna boosted their price target on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Citigroup cut their price target on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada dropped their target price on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SolarEdge Technologies has an average rating of “Reduce” and a consensus target price of $33.25.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the business’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. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.04% of the company’s stock.

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.