Solaredge Technologies (NASDAQ:SEDG) had its price objective increased by JPMorgan Chase & Co. from $52.00 to $62.00 in a report released on Monday, MarketBeat.com reports. They currently have an overweight rating on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank cut shares of Solaredge Technologies from a buy rating to a hold rating and set a $40.00 price objective for the company. in a research note on Monday, November 27th. ValuEngine upgraded shares of Solaredge Technologies from a hold rating to a buy rating in a research note on Friday, February 2nd. Vertical Group started coverage on shares of Solaredge Technologies in a research note on Thursday, January 11th. They issued a sell rating for the company. Roth Capital set a $60.00 price objective on shares of Solaredge Technologies and gave the stock a buy rating in a research note on Thursday, February 15th. Finally, BidaskClub cut shares of Solaredge Technologies from a strong-buy rating to a buy rating in a research note on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Solaredge Technologies presently has a consensus rating of Buy and an average target price of $45.25.

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Shares of Solaredge Technologies stock opened at $54.70 on Monday. Solaredge Technologies has a one year low of $13.50 and a one year high of $57.60. The firm has a market cap of $2,490.83, a price-to-earnings ratio of 29.57, a PEG ratio of 0.97 and a beta of -0.56.

Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.29. Solaredge Technologies had a net margin of 13.87% and a return on equity of 29.21%. The business had revenue of $189.34 million during the quarter, compared to analysts’ expectations of $179.78 million. equities research analysts forecast that Solaredge Technologies will post 2.45 EPS for the current fiscal year.

In other news, VP Yoav Galin sold 15,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $35.46, for a total value of $531,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doron Inbar sold 20,000 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $53.26, for a total transaction of $1,065,200.00. Following the completion of the transaction, the director now owns 173,333 shares of the company’s stock, valued at approximately $9,231,715.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,566 shares of company stock valued at $16,435,783. Corporate insiders own 16.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in SEDG. Northern Trust Corp raised its stake in shares of Solaredge Technologies by 3.3% in the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after buying an additional 3,297 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Solaredge Technologies by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 460,446 shares of the semiconductor company’s stock valued at $9,209,000 after buying an additional 18,861 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Solaredge Technologies by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 191,080 shares of the semiconductor company’s stock valued at $3,822,000 after buying an additional 26,277 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Solaredge Technologies in the 3rd quarter valued at $280,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of Solaredge Technologies in the 3rd quarter valued at $882,000. Institutional investors own 65.65% of the company’s stock.

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Solaredge Technologies Company Profile

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.

Analyst Recommendations for Solaredge Technologies (NASDAQ:SEDG)

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