Clal Insurance Enterprises Holdings Ltd Takes Position in SolarEdge Technologies, Inc. $SEDG

Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 949,926 shares of the semiconductor company’s stock, valued at approximately $55,514,000.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in SolarEdge Technologies by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after acquiring an additional 79,461 shares during the last quarter. First Trust Advisors LP raised its position in SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after purchasing an additional 15,333 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of SolarEdge Technologies by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 700 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of SolarEdge Technologies in the 2nd quarter valued at $206,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

SEDG stock opened at $30.83 on Monday. The business’s fifty day moving average price is $46.30 and its 200 day moving average price is $46.60. SolarEdge Technologies, Inc. has a 12-month low of $28.21 and a 12-month high of $81.25. The company has a current ratio of 2.03, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $1.90 billion, a PE ratio of -6.85 and a beta of 1.49.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $341.15 million. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.SolarEdge Technologies’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the business posted ($0.81) EPS. On average, sell-side analysts anticipate that SolarEdge Technologies, Inc. will post -1.23 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on SEDG shares. Wells Fargo & Company started coverage on shares of SolarEdge Technologies in a report on Monday, June 29th. They issued an “equal weight” rating and a $36.00 price objective on the stock. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, June 11th. UBS Group lifted their price target on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Susquehanna reduced their price target on shares of SolarEdge Technologies from $56.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, TD Cowen decreased their price objective on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $36.20.

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.