International Assets Investment Management LLC Boosts Stock Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

International Assets Investment Management LLC lifted its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 20,293.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,802 shares of the semiconductor company’s stock after buying an additional 103,293 shares during the quarter. International Assets Investment Management LLC owned about 0.18% of SolarEdge Technologies worth $9,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SEDG. Commonwealth Equity Services LLC grew its holdings in SolarEdge Technologies by 15.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,884 shares of the semiconductor company’s stock valued at $762,000 after buying an additional 791 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in SolarEdge Technologies by 53.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,142 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 747 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in SolarEdge Technologies by 33.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 32,217 shares of the semiconductor company’s stock worth $4,172,000 after acquiring an additional 8,070 shares during the period. Xponance Inc. lifted its stake in SolarEdge Technologies by 23.1% in the 3rd quarter. Xponance Inc. now owns 6,254 shares of the semiconductor company’s stock worth $810,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in SolarEdge Technologies by 23.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,639 shares of the semiconductor company’s stock valued at $1,119,000 after purchasing an additional 1,663 shares during the period. 95.10% of the stock is owned by institutional investors.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Director More Avery purchased 7,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average cost of $67.75 per share, with a total value of $474,250.00. Following the acquisition, the director now owns 77,446 shares in the company, valued at $5,246,966.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SEDG shares. Mizuho cut their price target on shares of SolarEdge Technologies from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $75.00 target price on shares of SolarEdge Technologies in a research report on Wednesday, February 21st. B. Riley lowered their price target on SolarEdge Technologies from $133.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. TD Cowen cut their price objective on SolarEdge Technologies from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Finally, Royal Bank of Canada decreased their price objective on SolarEdge Technologies from $85.00 to $77.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 21st. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, SolarEdge Technologies has an average rating of “Hold” and a consensus target price of $98.38.

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $60.45 on Monday. The business has a 50-day simple moving average of $65.11 and a two-hundred day simple moving average of $74.67. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 134.33 and a beta of 1.53. The company has a quick ratio of 2.08, a current ratio of 3.70 and a debt-to-equity ratio of 0.28. SolarEdge Technologies, Inc. has a 52 week low of $53.59 and a 52 week high of $315.34.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) EPS for the quarter, beating the consensus estimate of ($2.01) by $0.60. The firm had revenue of $316.04 million for the quarter, compared to the consensus estimate of $319.97 million. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. On average, analysts expect that SolarEdge Technologies, Inc. will post -4.68 EPS for the current year.

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.