Mizuho Markets Americas LLC Sells 63,260 Shares of SolarEdge Technologies, Inc. $SEDG

Mizuho Markets Americas LLC lowered its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 37.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 107,295 shares of the semiconductor company’s stock after selling 63,260 shares during the quarter. Mizuho Markets Americas LLC’s holdings in SolarEdge Technologies were worth $5,477,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SEDG. Handelsbanken Fonder AB boosted its holdings in shares of SolarEdge Technologies by 28.6% in the fourth quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock valued at $24,411,000 after acquiring an additional 188,086 shares in the last quarter. Vanguard Group Inc. raised its holdings in SolarEdge Technologies by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after purchasing an additional 175,582 shares in the last quarter. UBS Group AG raised its holdings in SolarEdge Technologies by 18.5% during the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock worth $121,471,000 after purchasing an additional 655,925 shares in the last quarter. ING Groep NV acquired a new stake in SolarEdge Technologies in the fourth quarter worth approximately $13,848,000. Finally, Kingsview Wealth Management LLC bought a new position in SolarEdge Technologies during the 4th quarter valued at $957,000. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $45.14 on Friday. SolarEdge Technologies, Inc. has a 1 year low of $23.01 and a 1 year high of $81.25. The business’s fifty day moving average is $58.53 and its two-hundred day moving average is $46.18. The stock has a market capitalization of $2.75 billion, a P/E ratio of -7.36 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business’s revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.14) earnings per share. On average, research analysts forecast that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the sale, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SEDG shares. TD Cowen lowered their price target on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada lowered their target price on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Finally, Citigroup cut their price target on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies has a consensus rating of “Reduce” and a consensus target price of $38.06.

SolarEdge Technologies Company 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.