Headlands Technologies LLC Purchases New Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Headlands Technologies LLC bought a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,876 shares of the semiconductor company’s stock, valued at approximately $257,000.

Other hedge funds also recently modified their holdings of the company. Two Sigma Advisers LP lifted its holdings in SolarEdge Technologies by 0.3% in the third quarter. Two Sigma Advisers LP now owns 1,142,100 shares of the semiconductor company’s stock valued at $26,166,000 after buying an additional 3,400 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of SolarEdge Technologies by 0.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,011,760 shares of the semiconductor company’s stock worth $13,760,000 after purchasing an additional 8,079 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of SolarEdge Technologies by 182.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company’s stock worth $11,888,000 after purchasing an additional 564,490 shares during the period. Geode Capital Management LLC increased its holdings in SolarEdge Technologies by 3.7% in the third quarter. Geode Capital Management LLC now owns 708,044 shares of the semiconductor company’s stock valued at $16,227,000 after purchasing an additional 25,474 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its stake in SolarEdge Technologies by 0.6% in the fourth quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after buying an additional 3,282 shares during the period. Institutional investors own 95.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Capmk lowered SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 20th. Roth Mkm upped their target price on shares of SolarEdge Technologies from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Wells Fargo & Company reduced their price target on shares of SolarEdge Technologies from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Northland Securities cut shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price objective for the company. in a research report on Thursday, February 20th. Finally, UBS Group lifted their target price on SolarEdge Technologies from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SolarEdge Technologies currently has an average rating of “Hold” and a consensus target price of $21.80.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery purchased 30,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $13.70 per share, with a total value of $411,000.00. Following the acquisition, the chairman now directly owns 274,478 shares of the company’s stock, valued at $3,760,348.60. This trade represents a 12.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by corporate insiders.

SolarEdge Technologies Stock Down 4.7 %

SolarEdge Technologies stock opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. The company’s 50-day moving average is $15.86 and its 200-day moving average is $15.87. The firm has a market capitalization of $864.70 million, a PE ratio of -0.47 and a beta of 1.63. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $72.12.

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.