Caxton Associates LLP Purchases New Holdings in 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 257,378 shares of the semiconductor company’s stock, valued at approximately $4,164,000.

A number of other hedge funds have also recently added to or reduced their stakes in SEDG. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 600 shares in the last quarter. Deutsche Bank AG lifted its stake in SolarEdge Technologies by 0.5% in the first quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company’s stock valued at $2,407,000 after buying an additional 766 shares during the period. Fifth Third Bancorp lifted its stake in SolarEdge Technologies by 93.7% in the first quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 790 shares during the period. US Bancorp DE lifted its stake in SolarEdge Technologies by 25.2% in the first quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 918 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in SolarEdge Technologies by 1.5% in the first quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company’s stock valued at $1,075,000 after buying an additional 1,000 shares during the period. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 0.8%

NASDAQ:SEDG opened at $34.42 on Monday. The company has a market cap of $2.04 billion, a P/E ratio of -1.15 and a beta of 1.49. The stock’s fifty day moving average price is $28.19 and its two-hundred day moving average price is $20.53. SolarEdge Technologies, Inc. has a 1 year low of $10.24 and a 1 year high of $35.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.81). SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The firm had revenue of $289.43 million for the quarter, compared to analysts’ expectations of $270.03 million. During the same period last year, the firm earned ($1.79) earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. SolarEdge Technologies has set its Q3 2025 guidance at EPS. As a group, analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEDG. Wall Street Zen raised SolarEdge Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Jefferies Financial Group boosted their target price on SolarEdge Technologies from $10.00 to $18.00 and gave the company an “underperform” rating in a research report on Monday, July 14th. UBS Group boosted their target price on SolarEdge Technologies from $20.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Northland Securities raised SolarEdge Technologies from an “under perform” rating to a “market perform” rating and set a $15.50 price objective for the company in a report on Friday, May 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Seventeen equities research analysts have rated the stock with a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $18.20.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.