Solaredge Technologies Inc (SEDG) Holdings Increased by Schroder Investment Management Group

Schroder Investment Management Group raised its position in shares of Solaredge Technologies Inc (NASDAQ:SEDG) by 3.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 107,700 shares of the semiconductor company’s stock after purchasing an additional 3,512 shares during the quarter. Schroder Investment Management Group owned approximately 0.24% of Solaredge Technologies worth $4,055,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its holdings in shares of Solaredge Technologies by 71.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,627 shares of the semiconductor company’s stock worth $461,000 after buying an additional 4,020 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Solaredge Technologies during the second quarter worth about $296,000. Comerica Bank grew its holdings in shares of Solaredge Technologies by 5.2% during the second quarter. Comerica Bank now owns 38,651 shares of the semiconductor company’s stock worth $2,122,000 after buying an additional 1,926 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Solaredge Technologies by 16.0% during the second quarter. New York State Teachers Retirement System now owns 45,103 shares of the semiconductor company’s stock worth $2,158,000 after buying an additional 6,209 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Solaredge Technologies by 172.1% during the second quarter. Wells Fargo & Company MN now owns 157,634 shares of the semiconductor company’s stock worth $7,543,000 after buying an additional 99,707 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

SEDG stock opened at $38.03 on Friday. Solaredge Technologies Inc has a 12-month low of $30.80 and a 12-month high of $70.74. The company has a market cap of $1.85 billion, a PE ratio of 12.54, a P/E/G ratio of 0.67 and a beta of -0.42.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. Solaredge Technologies had a net margin of 15.69% and a return on equity of 33.12%. The company had revenue of $236.60 million during the quarter, compared to the consensus estimate of $234.19 million. During the same period last year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 42.1% on a year-over-year basis. Sell-side analysts anticipate that Solaredge Technologies Inc will post 2.73 earnings per share for the current year.

A number of equities research analysts have weighed in on SEDG shares. BidaskClub lowered Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. JPMorgan Chase & Co. set a $63.00 price objective on Solaredge Technologies and gave the company a “buy” rating in a report on Wednesday, September 19th. Zacks Investment Research lowered Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Vertical Group set a $29.00 price objective on Solaredge Technologies and gave the company a “sell” rating in a report on Wednesday, October 24th. Finally, B. Riley set a $60.00 price objective on Solaredge Technologies and gave the company a “buy” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Solaredge Technologies currently has an average rating of “Buy” and a consensus target price of $54.17.

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Solaredge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

Further Reading: Consumer Price Index (CPI)

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

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