Y Intercept Hong Kong Ltd Purchases New Position in SolarEdge Technologies, Inc. $SEDG

Y Intercept Hong Kong Ltd purchased a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,524 shares of the semiconductor company’s stock, valued at approximately $1,150,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. UBS Group AG grew its position in shares of SolarEdge Technologies by 18.5% in the 4th quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after buying an additional 655,925 shares during the last quarter. Vanguard Group Inc. lifted its stake in SolarEdge Technologies by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after acquiring an additional 175,582 shares during the period. Invesco Ltd. lifted its stake in SolarEdge Technologies by 28.6% in the fourth quarter. Invesco Ltd. now owns 2,169,822 shares of the semiconductor company’s stock worth $62,599,000 after acquiring an additional 483,052 shares during the period. Electron Capital Partners LLC boosted its holdings in SolarEdge Technologies by 107.8% in 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 acquiring an additional 898,802 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in SolarEdge Technologies by 13.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,309,579 shares of the semiconductor company’s stock valued at $37,781,000 after acquiring an additional 155,624 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Barclays raised their price objective on shares of SolarEdge Technologies from $41.00 to $53.00 and gave the stock an “equal weight” rating in a report on Friday. Susquehanna lifted their price objective on SolarEdge Technologies from $43.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company assumed coverage on SolarEdge Technologies in a report on Monday, June 29th. They set an “equal weight” rating and a $36.00 target price on the stock. Finally, Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $49.00 in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, SolarEdge Technologies currently has an average rating of “Reduce” and a consensus target price of $36.94.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.04% of the company’s stock.

SolarEdge Technologies Stock Up 0.8%

NASDAQ:SEDG traded up $0.42 during mid-day trading on Friday, hitting $55.18. 1,057,670 shares of the company’s stock were exchanged, compared to its average volume of 2,383,024. The company has a market cap of $3.36 billion, a PE ratio of -9.00 and a beta of 1.45. 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 one year low of $23.01 and a one year high of $81.25. The business has a fifty day moving average price of $57.00 and a 200 day moving average price of $44.74.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results 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). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The business had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. During the same quarter in the previous year, the business posted ($1.14) earnings per share. SolarEdge Technologies’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities analysts predict that SolarEdge Technologies, Inc. will post -1.1 EPS for the current year.

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.