Jupiter Asset Management Ltd. Purchases Shares of 84,724 SolarEdge Technologies, Inc. $SEDG

Jupiter Asset Management Ltd. purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 84,724 shares of the semiconductor company’s stock, valued at approximately $2,444,000. Jupiter Asset Management Ltd. owned 0.14% of SolarEdge Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. raised its stake in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 571 shares during the period. Saranac Partners Ltd acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at about $28,000. Rakuten Securities Inc. raised its stake in shares of 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 purchasing an additional 432 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of SolarEdge Technologies in the second quarter valued at about $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SEDG. Royal Bank Of Canada lowered 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. TD Cowen lifted their target price on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Citigroup lowered their target price 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. Barclays lifted their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $33.25.

Read Our Latest Research Report on SEDG

SolarEdge Technologies Price Performance

NASDAQ:SEDG opened at $76.35 on Friday. The stock’s 50-day simple moving average is $49.02 and its 200 day simple moving average is $39.50. The company has a market cap of $4.64 billion, a P/E ratio of -12.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. SolarEdge Technologies, Inc. has a 52-week low of $13.73 and a 52-week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.14) EPS. As a group, sell-side analysts forecast that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman 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 hyperlink. 0.71% of the stock is currently owned by company insiders.

SolarEdge Technologies Profile

(Free Report)

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.

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

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