SolarEdge Technologies, Inc. (NASDAQ:SEDG) Stock Holdings Increased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 14.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,953,698 shares of the semiconductor company’s stock after purchasing an additional 641,915 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 8.55% of SolarEdge Technologies worth $67,370,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SEDG. Millstone Evans Group LLC purchased a new stake in shares of SolarEdge Technologies during the 4th quarter worth about $27,000. Jones Financial Companies Lllp increased its holdings in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd raised its position in SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,770 shares in the last quarter. R Squared Ltd acquired a new stake in SolarEdge Technologies in the fourth quarter valued at approximately $61,000. Finally, GAMMA Investing LLC grew its position in SolarEdge Technologies by 655.2% in the fourth quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 4,567 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Insider Transactions at SolarEdge Technologies

In related news, Chairman More Avery bought 30,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $13.70 per share, with a total value of $411,000.00. Following the completion of the purchase, the chairman now owns 274,478 shares in the company, valued at approximately $3,760,348.60. The trade was a 12.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.67% of the company’s stock.

SolarEdge Technologies Stock Down 4.7 %

Shares of SEDG opened at $14.71 on Friday. The company has a market capitalization of $864.70 million, a P/E ratio of -0.47 and a beta of 1.63. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $72.12. The business’s 50 day simple moving average is $15.86 and its 200-day simple moving average is $15.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SEDG. Morgan Stanley raised shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $11.00 to $18.00 in a research note on Thursday, February 20th. Roth Mkm upped their price target on SolarEdge Technologies from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Northland Securities lowered SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price objective on the stock. in a report on Thursday, February 20th. Truist Financial reduced their target price on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada increased their price target on SolarEdge Technologies from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SolarEdge Technologies currently has a consensus rating of “Hold” and a consensus target price of $21.80.

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.