Fifth Third Bancorp Purchases 12,927 Shares of SolarEdge Technologies, Inc. $SEDG

Fifth Third Bancorp lifted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 1,517.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,779 shares of the semiconductor company’s stock after purchasing an additional 12,927 shares during the quarter. Fifth Third Bancorp’s holdings in SolarEdge Technologies were worth $703,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. 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 valued at $97,169,000 after buying an additional 175,582 shares in the last quarter. Invesco Ltd. grew its holdings in shares of SolarEdge Technologies by 28.6% during the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock valued at $62,599,000 after buying an additional 483,052 shares during 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 increased its position in shares of SolarEdge Technologies by 13.5% during the fourth 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 in the last quarter. 95.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SEDG shares. Barclays upped their target price on shares of SolarEdge Technologies from $41.00 to $53.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Citigroup decreased their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. TD Cowen lowered their price objective on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Susquehanna raised their target price on SolarEdge Technologies from $43.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, UBS Group lifted their target price on SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $38.06.

SolarEdge Technologies Stock Performance

SEDG stock opened at $43.09 on Tuesday. 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 firm has a market cap of $2.62 billion, a PE ratio of -7.03 and a beta of 1.45. The business has a 50 day moving average of $57.90 and a 200-day moving average of $46.35. SolarEdge Technologies, Inc. has a 12-month low of $23.01 and a 12-month high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly 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). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same quarter last year, the business posted ($1.14) earnings per share. The business’s revenue was up 41.5% compared to the same quarter last year. As a group, sell-side analysts expect that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current year.

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction 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 sale, the chairman directly 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 at this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

SolarEdge Technologies 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.