Millstone Evans Group LLC Purchases Shares of 2,000 SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Millstone Evans Group LLC bought a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,000 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of SolarEdge Technologies by 401.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd grew its position in SolarEdge Technologies by 251.8% in the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,770 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of SolarEdge Technologies by 0.6% in the fourth quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after buying an additional 3,282 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of SolarEdge Technologies by 0.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,142,100 shares of the semiconductor company’s stock valued at $26,166,000 after acquiring an additional 3,400 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of SolarEdge Technologies during the 4th quarter worth $61,000. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Stock Up 1.0 %

SolarEdge Technologies stock opened at $17.20 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $73.60. The firm’s fifty day simple moving average is $15.48 and its 200-day simple moving average is $16.02. The company has a market capitalization of $1.01 billion, a P/E ratio of -0.55 and a beta of 1.78.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Susquehanna upped their price objective on shares of SolarEdge Technologies from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. UBS Group raised their target price on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of SolarEdge Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised their price objective on shares of SolarEdge Technologies from $9.00 to $12.00 and gave the stock an “underperform” rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.65.

Insider Buying and Selling at SolarEdge Technologies

In related news, Chairman More Avery bought 30,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $13.70 per share, with a total value of $411,000.00. Following the completion of the transaction, the chairman now directly owns 274,478 shares of the company’s stock, valued at $3,760,348.60. This trade represents a 12.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

SolarEdge Technologies Profile

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.