SolarEdge Technologies (NASDAQ:SEDG) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $40.00 price objective on the semiconductor company’s stock. Deutsche Bank’s price objective would suggest a potential upside of 2.30% from the company’s previous close.

A number of other brokerages have also commented on SEDG. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective (up previously from $25.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Zacks Investment Research lowered SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley raised SolarEdge Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $45.00 in a report on Thursday, November 9th. Barclays reissued an “overweight” rating and set a $28.00 price objective (up previously from $21.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Finally, Roth Capital set a $30.00 price objective on SolarEdge Technologies and gave the company a “buy” rating in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. SolarEdge Technologies presently has a consensus rating of “Buy” and a consensus price target of $34.19.

SolarEdge Technologies (NASDAQ:SEDG) opened at $39.10 on Monday. The company has a market capitalization of $1,707.61, a PE ratio of 24.06, a PEG ratio of 0.87 and a beta of 0.10. SolarEdge Technologies has a fifty-two week low of $12.00 and a fifty-two week high of $39.90.

In other SolarEdge Technologies news, VP Yoav Galin sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $34.07, for a total value of $228,269.00. Following the completion of the sale, the vice president now owns 25,000 shares in the company, valued at approximately $851,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Zvi Lando sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $38.02, for a total value of $760,400.00. Following the completion of the sale, the vice president now owns 28,333 shares of the company’s stock, valued at approximately $1,077,220.66. The disclosure for this sale can be found here. Insiders sold a total of 112,940 shares of company stock worth $3,511,159 in the last ninety days. Insiders own 16.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in SEDG. California Public Employees Retirement System lifted its position in shares of SolarEdge Technologies by 5.3% in the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 900 shares during the period. Vanguard Group Inc. lifted its position in shares of SolarEdge Technologies by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 441,585 shares of the semiconductor company’s stock worth $6,889,000 after acquiring an additional 15,881 shares during the period. Geode Capital Management LLC lifted its position in shares of SolarEdge Technologies by 17.1% in the 1st quarter. Geode Capital Management LLC now owns 213,989 shares of the semiconductor company’s stock worth $3,338,000 after acquiring an additional 31,237 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SolarEdge Technologies by 172.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 164,803 shares of the semiconductor company’s stock worth $2,571,000 after acquiring an additional 104,383 shares during the period. Finally, Morgan Stanley lifted its position in shares of SolarEdge Technologies by 97.0% in the 1st quarter. Morgan Stanley now owns 127,853 shares of the semiconductor company’s stock worth $1,995,000 after acquiring an additional 62,968 shares during the period. Institutional investors own 67.78% 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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