Leonteq Securities AG Sells 10,770 Shares of SolarEdge Technologies, Inc. $SEDG

Leonteq Securities AG decreased its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 43.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 13,766 shares of the semiconductor company’s stock after selling 10,770 shares during the period. Leonteq Securities AG’s holdings in SolarEdge Technologies were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased 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 valued at $16,147,000 after acquiring an additional 79,461 shares during the period. First Trust Advisors LP boosted its holdings in SolarEdge Technologies by 2.8% during the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after purchasing an additional 15,333 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in SolarEdge Technologies by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 700 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at approximately $206,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at approximately $35,000. 95.10% of the stock is owned by institutional investors.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.04% of the company’s stock.

SolarEdge Technologies Price Performance

Shares of SEDG opened at $52.38 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of -8.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies, Inc. has a one year low of $23.01 and a one year high of $81.25. The business’s 50 day simple moving average is $56.08 and its 200-day simple moving average is $43.85.

SolarEdge Technologies (NASDAQ:SEDG) last released 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. During the same period in the prior year, the business earned ($1.14) earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. As a group, sell-side analysts predict that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SEDG shares. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “sell” rating and issued a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Royal Bank Of Canada cut their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their target price for the company from $30.00 to $49.00 in a research note on Friday, March 20th. Finally, UBS Group upped their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $35.67.

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.