SolarEdge Technologies, Inc. $SEDG Shares Sold by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lowered its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 79.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,410 shares of the semiconductor company’s stock after selling 79,511 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in SolarEdge Technologies were worth $1,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SEDG. State of Wyoming purchased a new position in SolarEdge Technologies in the fourth quarter valued at approximately $27,000. Saranac Partners Ltd acquired a new stake in SolarEdge Technologies during the third quarter worth approximately $28,000. Rakuten Securities Inc. lifted its position in shares of SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after buying an additional 432 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of SolarEdge Technologies in the 4th quarter valued at $31,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of SolarEdge Technologies in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

SEDG stock opened at $52.38 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of -8.54 and a beta of 1.45. The company has a fifty day moving average price of $56.08 and a 200 day moving average price of $43.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. 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 data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The business had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the business posted ($1.14) earnings per share. Sell-side analysts expect that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SEDG. JPMorgan Chase & Co. boosted their price target on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Wells Fargo & Company started coverage on SolarEdge Technologies in a research report on Monday, June 29th. They set an “equal weight” rating and a $36.00 target price on the stock. Barclays boosted their target price on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. TD Cowen upped their target price on SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price target for the stock from $30.00 to $49.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $35.67.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the stock in a transaction dated 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 owned 295,379 shares in the company, 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 this link. Company insiders own 1.04% of the company’s stock.

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.