Caxton Associates LLP Acquires Shares of 71,148 SolarEdge Technologies, Inc. $SEDG

Caxton Associates LLP bought a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 71,148 shares of the semiconductor company’s stock, valued at approximately $3,632,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in SolarEdge Technologies during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. boosted its stake in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 432 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth approximately $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of SolarEdge Technologies during the second quarter worth approximately $35,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of SolarEdge Technologies in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Insider Transactions 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 stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SEDG has been the topic of a number of research analyst reports. TD Cowen reduced their price objective on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group boosted their target price on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Barclays increased their price target on shares of SolarEdge Technologies from $41.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $38.06.

SolarEdge Technologies Price Performance

SEDG opened at $45.14 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $58.53 and its 200 day moving average price is $46.18. SolarEdge Technologies, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $81.25. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -7.36 and a beta of 1.45.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business’s revenue was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.14) earnings per share. As a group, sell-side analysts expect that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current year.

SolarEdge Technologies Company 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.