Schwab Charles Investment Management Inc. raised its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,872 shares of the semiconductor company’s stock after buying an additional 7,140 shares during the period. Schwab Charles Investment Management Inc. owned 0.20% of SolarEdge Technologies worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in SolarEdge Technologies during the first quarter valued at $206,000. Wells Fargo & Company MN boosted its position in shares of SolarEdge Technologies by 187.4% in the first quarter. Wells Fargo & Company MN now owns 18,679 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 12,179 shares in the last quarter. First Trust Advisors LP boosted its position in shares of SolarEdge Technologies by 39.2% in the first quarter. First Trust Advisors LP now owns 90,885 shares of the semiconductor company’s stock valued at $1,418,000 after buying an additional 25,617 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SolarEdge Technologies by 502.4% in the first quarter. Bank of New York Mellon Corp now owns 217,763 shares of the semiconductor company’s stock valued at $3,396,000 after buying an additional 181,615 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of SolarEdge Technologies by 183.7% in the first quarter. Handelsbanken Fonder AB now owns 173,062 shares of the semiconductor company’s stock valued at $2,700,000 after buying an additional 112,062 shares in the last quarter. Hedge funds and other institutional investors own 57.80% of the company’s stock.

Shares of SolarEdge Technologies, Inc. (SEDG) traded down 1.028% during midday trading on Tuesday, reaching $26.475. 177,626 shares of the company’s stock traded hands. The firm has a market capitalization of $1.11 billion, a PE ratio of 23.471 and a beta of 0.04. The stock’s 50-day moving average price is $24.58 and its 200 day moving average price is $18.60. SolarEdge Technologies, Inc. has a one year low of $11.35 and a one year high of $28.80.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The business had revenue of $136.10 million during the quarter, compared to the consensus estimate of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. On average, equities research analysts expect that SolarEdge Technologies, Inc. will post $1.84 earnings per share for the current fiscal year.

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Several equities analysts recently commented on SEDG shares. Zacks Investment Research raised shares of SolarEdge Technologies from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Thursday, July 20th. ValuEngine cut shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. FBR & Co reaffirmed a “market perform” rating and set a $50.00 price objective (up previously from $17.00) on shares of SolarEdge Technologies in a research note on Thursday, May 11th. Finally, Deutsche Bank AG set a $25.00 price objective on shares of SolarEdge Technologies and gave the company a “buy” rating in a research note on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.11.

In other news, VP Zvi Lando sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $22.02, for a total transaction of $28,626.00. Following the completion of the transaction, the vice president now directly owns 47,311 shares of the company’s stock, valued at approximately $1,041,788.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director More Avery sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $19.30, for a total value of $386,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,018 shares of company stock valued at $4,157,847. Corporate insiders own 16.40% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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

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