Rockefeller Capital Management L.P. Decreases Stock Holdings in SolarEdge Technologies, Inc. $SEDG

Rockefeller Capital Management L.P. lowered its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,677 shares of the semiconductor company’s stock after selling 1,735 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of SolarEdge Technologies worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new position in shares of SolarEdge Technologies in the 1st quarter valued at about $35,000. Bayforest Capital Ltd raised its position in SolarEdge Technologies by 367.3% during the first quarter. Bayforest Capital Ltd now owns 57,036 shares of the semiconductor company’s stock valued at $923,000 after purchasing an additional 44,831 shares during the period. US Bancorp DE lifted its stake in shares of SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 918 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of SolarEdge Technologies by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,851 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of SolarEdge Technologies by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,028,018 shares of the semiconductor company’s stock worth $48,993,000 after purchasing an additional 126,246 shares during the period. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Trading Up 1.4%

Shares of SEDG opened at $35.47 on Thursday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -1.18 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.42. SolarEdge Technologies, Inc. has a 1-year low of $11.00 and a 1-year high of $48.60. The company has a 50-day moving average of $37.25 and a 200 day moving average of $29.20.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Roth Capital increased their price target on SolarEdge Technologies from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Citigroup increased their target price on shares of SolarEdge Technologies from $9.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Oppenheimer reiterated a “market perform” rating on shares of SolarEdge Technologies in a report on Monday, August 11th. Finally, Royal Bank Of Canada raised their price objective on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Eighteen analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies presently has a consensus rating of “Reduce” and an average price target of $24.62.

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.