Vanguard Group Inc. Sells 80,520 Shares of SolarEdge Technologies, Inc. $SEDG

Vanguard Group Inc. trimmed its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,192,491 shares of the semiconductor company’s stock after selling 80,520 shares during the period. Vanguard Group Inc. owned approximately 0.05% of SolarEdge Technologies worth $118,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SEDG. Goldman Sachs Group Inc. grew its stake in SolarEdge Technologies by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after purchasing an additional 79,461 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of SolarEdge Technologies by 276.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 3,011 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of SolarEdge Technologies in the 2nd quarter worth about $846,000. Spire Wealth Management increased its stake in shares of SolarEdge Technologies by 706.3% in the 2nd quarter. Spire Wealth Management now owns 3,185 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 2,790 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in SolarEdge Technologies by 10.2% during the 2nd quarter. Bank of Montreal Can now owns 26,637 shares of the semiconductor company’s stock valued at $543,000 after acquiring an additional 2,468 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 0.3%

NASDAQ:SEDG opened at $37.94 on Thursday. The company has a market cap of $2.29 billion, a PE ratio of -5.51 and a beta of 1.62. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $34.37 and a two-hundred day simple moving average of $34.56. SolarEdge Technologies, Inc. has a 12 month low of $11.00 and a 12 month high of $48.60.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company’s revenue for the quarter was up 70.9% on a year-over-year basis. During the same period last year, the business posted ($3.52) EPS. Research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Analysts Set New Price Targets

SEDG has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of SolarEdge Technologies from $30.00 to $29.00 and set a “sell” rating on the stock in a report on Thursday, December 18th. Jefferies Financial Group reiterated an “underperform” rating on shares of SolarEdge Technologies in a research note on Wednesday, January 21st. BMO Capital Markets boosted 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. Deutsche Bank Aktiengesellschaft cut their target price on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley lifted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Reduce” and a consensus target price of $27.09.

SolarEdge Technologies 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.