SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 53.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,221 shares of the semiconductor company’s stock after acquiring an additional 7,775 shares during the quarter. SG Americas Securities LLC’s holdings in SolarEdge Technologies were worth $2,080,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in SEDG. Captrust Financial Advisors lifted its position in shares of SolarEdge Technologies by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 1,162 shares of the semiconductor company’s stock worth $329,000 after buying an additional 39 shares during the last quarter. United Capital Financial Advisers LLC lifted its position in SolarEdge Technologies by 2.0% in the first quarter. United Capital Financial Advisers LLC now owns 2,394 shares of the semiconductor company’s stock valued at $772,000 after acquiring an additional 46 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in SolarEdge Technologies by 49.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 145 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 48 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of SolarEdge Technologies by 5.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,011 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 49 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of SolarEdge Technologies by 102.0% during the fourth quarter. Harbour Investments Inc. now owns 99 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $69.69 on Thursday. The stock has a fifty day moving average price of $70.92 and a 200 day moving average price of $87.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.08 and a current ratio of 3.70. The stock has a market cap of $3.98 billion, a PE ratio of 154.87 and a beta of 1.50. SolarEdge Technologies, Inc. has a 1 year low of $60.44 and a 1 year high of $322.19.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.01) by $0.60. SolarEdge Technologies had a return on equity of 5.00% and a net margin of 1.15%. The business had revenue of $316.04 million during the quarter, compared to analysts’ expectations of $319.97 million. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -3.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SEDG. Janney Montgomery Scott cut SolarEdge Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd. StockNews.com raised shares of SolarEdge Technologies to a “sell” rating in a report on Thursday, December 28th. B. Riley reduced their price target on shares of SolarEdge Technologies from $166.00 to $133.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Citigroup lowered their price objective on shares of SolarEdge Technologies from $89.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Finally, TD Cowen reduced their price objective on SolarEdge Technologies from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.69.

Insiders Place Their Bets

In other SolarEdge Technologies news, Director More Avery acquired 7,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of $67.75 per share, with a total value of $474,250.00. Following the purchase, the director now directly owns 77,446 shares in the company, valued at approximately $5,246,966.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.17% of the stock is currently owned by company insiders.

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.