33,161 Shares in SolarEdge Technologies, Inc. $SEDG Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 33,161 shares of the semiconductor company’s stock, valued at approximately $957,000.

Other hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB increased its position in shares of SolarEdge Technologies by 28.6% during the 4th quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock worth $24,411,000 after purchasing an additional 188,086 shares in the last quarter. Public Sector Pension Investment Board increased its position in SolarEdge Technologies by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock valued at $8,569,000 after acquiring an additional 30,264 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in SolarEdge Technologies in the 3rd quarter valued at about $3,033,000. Aquatic Capital Management LLC increased its position in SolarEdge Technologies by 1,282.8% in the 3rd quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock valued at $4,643,000 after acquiring an additional 116,399 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after acquiring an additional 175,582 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Insider Buying and Selling at SolarEdge Technologies

In related news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SEDG shares. UBS Group raised their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Bank of America upgraded shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. Barclays raised their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group restated a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Finally, Morgan Stanley raised their price objective on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, SolarEdge Technologies currently has a consensus rating of “Reduce” and an average price target of $33.25.

SolarEdge Technologies Trading Down 0.7%

SEDG opened at $75.80 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -12.37 and a beta of 1.18. The firm has a 50 day simple moving average of $49.62 and a 200 day simple moving average of $39.68. SolarEdge Technologies, Inc. has a fifty-two week low of $13.73 and a fifty-two week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last posted 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 the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period last year, the firm earned ($1.14) earnings per share. On average, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

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.