Migdal Insurance & Financial Holdings Ltd. Has $182,000 Stock Position in SolarEdge Technologies, Inc. $SEDG

Migdal Insurance & Financial Holdings Ltd. lessened its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 99.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,846 shares of the semiconductor company’s stock after selling 1,013,499 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in SolarEdge Technologies were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of SolarEdge Technologies by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in SolarEdge Technologies by 6.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 404 shares during the period. Tidal Investments LLC raised its position in SolarEdge Technologies by 1.2% in the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock worth $865,000 after purchasing an additional 484 shares in the last quarter. Maryland State Retirement & Pension System raised its position in SolarEdge Technologies by 2.9% in the second quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 486 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in SolarEdge Technologies by 21.5% during the second quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

SolarEdge Technologies stock opened at $33.34 on Thursday. The stock has a 50-day simple moving average of $32.09 and a 200 day simple moving average of $32.57. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -3.45 and a beta of 1.66. The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 0.78. SolarEdge Technologies, Inc. has a 12-month low of $11.00 and a 12-month high of $48.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SEDG. BMO Capital Markets increased their target price on SolarEdge Technologies from $19.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Jefferies Financial Group reiterated an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. UBS Group upped their target price on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $25.45.

About SolarEdge Technologies

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.