Ayalon Holdings Ltd. Sells 750 Shares of Solaredge Technologies Inc (SEDG)

Ayalon Holdings Ltd. trimmed its stake in Solaredge Technologies Inc (NASDAQ:SEDG) by 17.4% in the 1st quarter, HoldingsChannel reports. The fund owned 3,549 shares of the semiconductor company’s stock after selling 750 shares during the quarter. Ayalon Holdings Ltd.’s holdings in Solaredge Technologies were worth $134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in shares of Solaredge Technologies in the 4th quarter worth $130,000. BlackRock Inc. raised its position in shares of Solaredge Technologies by 3.1% in the 4th quarter. BlackRock Inc. now owns 4,421,944 shares of the semiconductor company’s stock worth $155,209,000 after acquiring an additional 130,974 shares in the last quarter. Vanguard Group Inc raised its position in shares of Solaredge Technologies by 21.1% in the 3rd quarter. Vanguard Group Inc now owns 1,910,830 shares of the semiconductor company’s stock worth $71,943,000 after acquiring an additional 332,393 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Solaredge Technologies by 21.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,910,830 shares of the semiconductor company’s stock worth $71,943,000 after acquiring an additional 332,393 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Solaredge Technologies by 10.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,352,615 shares of the semiconductor company’s stock worth $47,477,000 after acquiring an additional 125,000 shares in the last quarter. 82.10% of the stock is owned by hedge funds and other institutional investors.

Shares of SEDG stock opened at $45.97 on Monday. Solaredge Technologies Inc has a 1-year low of $32.42 and a 1-year high of $70.74. The company has a current ratio of 3.00, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.18 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.17.

Solaredge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, February 20th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.29). Solaredge Technologies had a return on equity of 25.33% and a net margin of 13.75%. The business had revenue of $263.67 million for the quarter, compared to analysts’ expectations of $249.68 million. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. On average, equities research analysts forecast that Solaredge Technologies Inc will post 2.54 earnings per share for the current fiscal year.

SEDG has been the subject of several recent research reports. BidaskClub raised Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Cascend Securities raised Solaredge Technologies from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, January 31st. Zacks Investment Research raised Solaredge Technologies from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine raised Solaredge Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Credit Suisse Group initiated coverage on Solaredge Technologies in a research report on Monday, March 25th. They issued a “neutral” rating and a $43.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $52.36.

TRADEMARK VIOLATION NOTICE: This story was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2019/04/29/ayalon-holdings-ltd-sells-750-shares-of-solaredge-technologies-inc-sedg.html.

About Solaredge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

Recommended Story: What is a Derivative?

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solaredge Technologies Inc (NASDAQ:SEDG).

Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

Receive News & Ratings for Solaredge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaredge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.