Entropy Technologies LP Sells 19,292 Shares of SolarEdge Technologies, Inc. $SEDG

Entropy Technologies LP lessened its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 47.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,228 shares of the semiconductor company’s stock after selling 19,292 shares during the quarter. Entropy Technologies LP’s holdings in SolarEdge Technologies were worth $1,084,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SEDG. UBS Group AG increased its stake in SolarEdge Technologies by 18.5% during the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after purchasing an additional 655,925 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after buying an additional 175,582 shares in the last quarter. Invesco Ltd. lifted its stake in shares of SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after buying an additional 483,052 shares in the last quarter. Electron Capital Partners LLC grew its holdings in shares of SolarEdge Technologies by 107.8% during the third quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after buying an additional 898,802 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in SolarEdge Technologies by 13.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company’s stock worth $37,781,000 after acquiring an additional 155,624 shares during the last quarter. 95.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

SolarEdge Technologies Stock Up 1.2%

SolarEdge Technologies stock opened at $43.09 on Tuesday. SolarEdge Technologies, Inc. has a one year low of $23.01 and a one year high of $81.25. The stock has a fifty day moving average of $57.90 and a 200 day moving average of $46.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The stock has a market cap of $2.62 billion, a PE ratio of -7.03 and a beta of 1.45.

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

Analysts Set New Price Targets

SEDG has been the topic of several recent analyst reports. Weiss Ratings upgraded SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft decreased their price target on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Susquehanna upped their price target on SolarEdge Technologies from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 10th. UBS Group increased their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reduced their price objective on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $38.06.

About SolarEdge Technologies

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.